Architecture Billings Remain Stuck in Post-Winter Slowdown
Riding a stretch of increasing levels of demand for 13 out of the last 15 months, the Architecture Billings Index (ABI) dropped in April for the second month this year.
As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead-time between architecture billings and construction spending. The American Institute of Architects reported the April ABI score was 48.8, down sharply from a mark of 51.7 in March.