Architectural billings inch up in Febrary
Friday, March 20th, 2009The Architecture Billings Index was up two points in February after a slight dip in January. But billings were down slightly in the West, still the country’s strongest region.
The index is compiled by the American Institute of Architects, based on a monthly survey of firms across the country. A score above 50 means billings were up over the previous month; below 50 means they were down.The American Institute of Architects February index was 35.3, up from the 33.3 mark in January. Reported billings were again worst in the Northeast, with 32.3, and best in the West, with 36.4. But those western billings were down from the 38.3 reported last month. The new projects inquiry score was 49.5.
AIA Chief Economist Kermit Baker said in a statement that there will likely be light demand for construction projects through much of 2009. He said the small uptick provides hope that some stalled projects will move forward in the near future.












