The Architectural Billings Index for April is 50.6, down from the mark of 51.9 in March but still representing an increase.
Compiled by the American Institute of Architects, the ABI is a leading economic indicator for construction: It takes approximately nine months to a year between architecture billings and construction spending. (Any score above 50 indicates an increase in billings.)
“Architects continue to report a wide range of business conditions, with unusually high variation in design activity across the major building categories,” said AIA Chief Economist Kermit Baker. “The strong growth in design contracts – the strongest score for this indicator since last summer — certainly suggests that firms will be reporting growth in billings over the next several months.”
For more, visit the following link.
As construction spending grows, so do opportunities to incorporate energy-efficient designs in your projects — and to earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way. Contact us at 888-897-5445 or via the following link, and find out what Concord can do.
