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US Architecture Billings Index
After nine consecutive months of growth, January’s Architecture Billing Index (ABI) reported a “softening” in US design activity. According to the American Institute of Architects (AIA), the January ABI score was 49.9, down from a mark of 52.7 in December. This score reflects a “very modest decrease” in design services (any score above 50 indicates…
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US Architecture Billings Index
After nine consecutive months of growth, January’s Architecture Billing Index (ABI) reported a “softening” in US design activity. According to the American Institute of Architects (AIA), the January ABI score was 49.9, down from a mark of 52.7 in December. This score reflects a “very modest decrease” in design services (any score above 50 indicates…
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Producer Price Index, US: January 2015
US producer prices posted a record decline in January, weighed down by plunging energy costs, pointing to very benign inflation pressures in the near term. The Labor Department said Wednesday its producer price index for final demand dropped 0.8 per cent, the biggest drop since the revamped series started in November 2009, after falling 0.2…
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US Housing Starts: January 2015
Construction starts on new homes in the US fell 2 per cent in January, data released Wednesday by the US Commerce Department shows. Housing starts dropped to a seasonally adjusted, annual rate of 1.065 million, below December’s downwardly revised estimate of 1.087 million. Still, last month’s rate was 18.7 per cent above the 897,000 annual…
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Housing Starts, Canada: January 2015
Home builders in Canada largely shrugged off the woes of the oil patch as the pace of new residential construction picked up in January. Housing starts rose to a seasonally adjusted 187,276 in January, increasing 4.3 per cent compared to December, Canada Mortgage and Housing Corporation reported February 9. Canada Housing Starts The rise in…
