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Architecture & Engineering


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October 25, 2006

Architecture billings look strong for 2007

The Architecture Billings Index, an economic indicator of nonresidential construction activity, showed modest growth in September, after a surge in the August figures.

Based on the nine- to 12-month lag time between architecture billings and construction spending, the recent growth in billings points to a healthy 2007 in the nonresidential construction market, according to Architecture Billings Index.

“The last two years have been the longest run of positive business conditions since early 1998 through the end of 2000,” said AIA Chief Economist Kermit Baker. “While the last quarter has seen mostly moderate growth, the inquiries for new projects have been quite strong which suggests that there could be a spike in demand for architectural services in the coming months.”




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