February continued January’s modest increase in spending on architectural design, as measured by the Architectural Billings Index.
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.
Unusually severe winter weather has constrained both construction and design spending, said AIA Chief Economist Kermit Baker, looking forward to March and April results as better indications of the underlying health of the construction and design markets: “We are hearing reports of projects that had been previously shelved for extended periods of time coming back online as the economy improves.”
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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.
