Feb. 27, 2012: Construction Activity Index Remains Positive for Third Straight Month
“Even though we had a similar upturn in design billings in late 2010 and early 2011, this recent showing is encouraging because it is being reflected across most regions of the country and across the major construction sectors,” said AIA’s chief economist, Kermit Baker, Ph.D., Hon. AIA. “But because we still continue to hear about struggling firms and some continued uncertainty in the market, we expect overall economic improvements in the design and construction sector to be modest in the coming months.”
Regional numbers for January were the Midwest at 53.7, South at 51.6, Northeast at 50.7, and West at 45.6. The sector index breakdown was multifamily residential at 52.6, commercial/industrial at 52.2, institutional at 51.1, and mixed practice at 46.1.
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Publication date: 02/27/2012