January’s ABI Sends Mixed Signals
February 22, 2017
The Architecture Billings Index (ABI) delivered a mixed message to start the new year, with January’s reading coming in at 49.5, well below December’s 55.9.
The ABI is an indicator of future construction spending, as design services typically foretell new projects with a lead time of nine-to-12 months. Any ABI score above 50 indicates a rise in billings.
Dragging January’s score down was the sub-50 performance of both the residential and mixed-practice sectors. However, optimism reigned in the institutional and commercial/industrial sectors which came in at 54.6 and 53.4 respectively.
Further, there was good news in the new projects inquiry index, which came in at 60.0, an increase over December’s 57.6.
Strong Start To 2017 For DMI
February 9, 2017
The new year is off to a good start with the Dodge Momentum Index rising 3.9 percent in January.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports …
Architectural Billings Index Ends 2016 On High Note
January 23, 2017
The Architectural Billings Index bid a sweet farewell to 2016, with December’s 55.9 reading showing a sharp increase from November’s 50.6 and reflecting a third consecutive month of growth in design billings.
Since design services typically lead to new projects, …
Dodge Momentum Index at Eight-Year High
January 10, 2017
The Dodge Momentum Index jumped in December to end the year on an eight-year high.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. They have been shown to lead …
Architecture Billings Index Advances In November
December 21, 2016
For the second month in a row, the Architecture Billings Index showed a small increase in demand for design services.
Following the contraction revealed in August and September’s Index readings, November’s 50.6 showed little change from October’s 50.8.
The …
More Good News On The Economic Front
December 8, 2016
For the tenth time in the past 12 months, the Dodge Momentum Index advanced, rising 0.3 percent in November.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports …
Glass-Maker Guardian Industries Acquired by Koch Industries
November 22, 2016
Monday’s acquisition of Guardian Industries Corp. by KGIC Merger Corp., a wholly owned subsidiary of Koch Industries, portends well for the industry.
Michael Collins, managing director with Building Industry Advisors LLC in Chicago, told the US Glass News Network that …
Slight Jump for Architecture Billings Index
November 17, 2016
The Architecture Billing Index (ABI) showed renewed life in October after staggering through consecutive months of decline for the first time in four years.
The ABI, considered a leading economic indicator, reflects the lead time between architecture billings and construction, …
Construction Planning Rebounds in October
November 8, 2016
Construction planning rebounded in October as the Dodge Momentum Index climbed 4.1 percent from its revised September reading.
The Index, according to Dodge, is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These …
ABI Shows Further Contraction
October 19, 2016
The Architecture Billings Index (ABI) slipped again in September, marking the first time in more than four years that the ABI reflected a decline in demand for design services in back-to-back months.
The ABI, considered a leading indicator of construction …