Construction Activity Is Up
“Based on the poor economic conditions over the last several months, this turnaround in demand for design services is a surprise,” said Kermit Baker, Ph.D., Hon. AIA, chief economist of AIA. “Many firms are still struggling, and continue to report that clients are having difficulty getting financing for viable projects, but it’s possible we’ve reached the bottom of the down cycle.”
Key August ABI highlights:
• Regional averages are 49 for the Midwest, 47.4 for the South and West, and 46.5 for the Northeast.
• Sector index breakdown is mixed practice (50.9), institutional (48.5), commercial/industrial (46.0), and multifamily residential (44.8). And,
• The project inquiries index is 56.9.
For more information, go to www.aia.org.
Publication date: 10/10/2011