Monday, April 27, 2009

Positive signs: Architectural Inquiries are up

AIA recently published the latest Architectural Billings Index (ABI) and the trend is upward. While both the inquiries and billings numbers are rebounding off historic lows, the trend is really what is important for this leading indicator for construction spending.

Graph by AIA

Billings are at 43.7 and inquiries are at 56.6 (50.0 indicates levels were same as month prior), which are well above the lows we saw back in February when [1016] was a guest lecturer for Notre Dame's School of Architecture.

Forward-looking clients are clearly taking advantage of current price conditions to get ahead of the curve. Hiring a good architect is the first step.

[1016] is ready. Are you?

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