Sept. 26, 2012: Construction Activity Economic Indicator Inches Back into Positive Territory
“Until the economy is on firmer ground, there aren’t likely to be strong increases in demand for design services,” said AIA Chief Economist, Kermit Baker, Ph.D., Hon. AIA. “In the meantime, we can expect to see design activity alternate between modest growth and modest decline.”
The South continues to lead the regions in demand for design services. The regional averages are South (52.2), West (51.2), Northeast (45.5), and Midwest (45.3).
The sector index breakdown is multifamily residential (53.0), institutional (50.2) commercial/industrial (47.9), and mixed practice (46.8).
Publication date: 9/24/2012