Tag: us architecture billings

The index of US leading economic indicators unexpectedly declined in July, depressed by a slump in building permits that mainly reflected a proposed change in a New York tax credit. The Conference Board’s gauge, a measure of the outlook for the next three to six months, decreased 0.2 per cent after rising 0.6 per cent…

The US National Association of Home Builders’ Census Construction Spending analysis shows that total private residential construction spending for June increased to a seasonally adjusted annual rate of US$378 billion. Construction Spending, US On a month-over-month basis, private multifamily spending increased to US$52 billion, up by 2.82 per cent over the revised May estimate, while…

After experiencing relatively soft business conditions for much of the past winter and spring, many architecture firms saw signs of improvement in May. The AIA’s Architecture Billings Index (ABI) increased by more than three points to a score of 51.9 in May, where any score over 50 indicates billings growth. As a positive sign of…

A survey of single-family builders conducted by the National Association of Home Builders in June 2015 shows that shortages of labour and subcontractors—already quite widespread in mid-2014—have become even more widespread during the past year. The shortages are most acute for basic skills like carpentry, which are needed during the construction of any home. For…