After three months of impressive gains, architectural billings slackened somewhat in October, according to the Architectural Billings Index — they continued to increase, but at a slower pace.
AIA Chief Economist Kermit Baker attributed the slowing to uncertainty about the U.S. economy and the delaying effects of the government shutdown.
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.
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.
