AIA Architecture Billing Index Led By Commercial Construction

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The Architecture Billings Index (ABI) by the American Institute of Architects (AIA) has now seen 4 consecutive months of scores over 50.0.  The reported score in February was 51.0, while the new projects inquiry score was 63.4.   The AIA chief economist, Kermit Baker, stated that a factor preventing a more accelerated recovery was caution of clients to move forward with new projects, and difficulty in obtaining financing for new projects.

This report could translate into future work for your construction Company assuming your customers are willing to start building, and have the ability to pay for their projects.  One important comment to take away from this is that the new projects inquiry is at the highest level since before the recession, which further indicates improving business conditions for the industry.   Read the AIA press release for full detail of the February ABI scores.

About Michael Corcoran

Michael Corcoran has written 48 post in this blog.

Michael (Mike) Corcoran is a CPA in the Construction Industry Services Group at Aronson. He has over six years servicing construction clients with Aronson and he has worked with a variety of construction contractors, such as electrical, heavy/highway, mechanical, and masonry subcontractors of up to $300 million in annual revenue. Mike specializes in providing assurance and tax services to construction contractors. He graduated with a Bachelor’s of Science Degree in Accounting from West Virginia University in 2004.

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