homepage home
subscribe to Midwest Construction magazine subscribe
newsletters free e-newsletter
industry jobs industry jobs
Dodge Data & Analytics
Midwest Construction Logo
Order Your RISK FREE Subscription

Midwest Leads Rise in Architectural Billing Index

Text size: A A


----- Advertising -----

Although some key market indicators, including a recent survey of backlogs by the Associated Builders and Contractors Inc., show construction activity in the Midwest trailing activity in the South and Northeast, the region led in February's Architectural Billings Index (ABI), according to the Washington D.C.-based American Institute of Architects.

The index, which provides a glimpse of future nonresidential construction spending activity, remained in positive territory in February for the fourth month in a row, with a score of 51.0, up from 50.9 in January. By comparison, the Midwest regional average score was 56.0, followed by the South with 51.3, the East with 51.0 and the West with 45.6. Any measure above 50 indicates expansion and stronger construction activity in the following nine to 12 months.

“This is more good news for the design and construction industry that continues to see improving business conditions,” says AIA Chief Economist, Kermit Baker.  “The factors that are preventing a more accelerated recovery are persistent caution from clients to move ahead with new projects, and a continued difficulty in accessing financing for projects that developers have decided to pursue.”

The index sector by breakdown is as follows: commercial / industrial, 55.1; multi-family residential, 53.3; institutional, 50.3; and mixed practice 46.3.




----- Advertising -----
Blog: ENR Midwest Musings
ENR Midwest Musings delivers the latest news, insights and opinions about construction & design in Illinois, Indiana, Wisconsin and Missouri, as well as Iowa, Ohio, Michigan and Minnesota.
Reader Photos
Photos from ENR Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State

----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.