Some Good News

January 24, 2011

Here is an article from Reuters that is hopefully showing architectural design demand is heading upwards.

U.S. architecture billings highest since Nov ’07

http://www.reuters.com/article/idUSN1815445620110118?rpc=59&goback=%2Egde_1554827_member_41116874

Tue Jan 18, 2011 1:47pm EST

* December ABI up 2.2 pts to 54.2

* Inquiries index up 1.2 pts to 62.6

* Construction industry moving toward recovery

NEW YORK, Jan 19 (Reuters) – An index of spending on U.S. architecture services, a leading indicator of nonresidential construction activity, reached its best level since November 2007 last month, suggesting a U.S. building recovery is gaining traction, an architects’ trade group said on Wednesday.

The December architecture billings index rose more than 2 points last month to 54.2, from 52.0, reflecting increasing demand for design services, according to the American Institute of Architects.

A separate index of new project inquiries was up 1.2 points to 62.6, on a scale where any number above 50 indicates rising demand.

“This is more promising news that the design and construction industry is continuing to move toward a recovery,” said AIA Chief Economist Kermit Baker.

The billings index is considered an indicator of construction activity nine to 12 months in the future, and is widely tracked by companies that generate sales from the construction sector.

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