Economy
February 23, 2022
January ABI Shows More Growth for Construction
Written by David Schollaert
Demand for design services from architecture firms in the U.S. strengthened for the 12th straight month in January, with AIA’s Architecture Billings Index registering 51.0, according to the latest report from the American Institute of Architects. The ABI is an advance economic indicator for nonresidential construction activity with a lead time of 9-12 months. A score above 50 indicates an increase in activity and a score below 50 a decrease.
The pace of growth of the ABI has moderated, however, the report noted. For the first nine months of the current design recovery, the average ABI score was almost 56, while the past three months the average score was barely over 51.
