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Architecture billings index fell in April, hurt by tight financing for projects

Architecture billings index fell in April, hurt by tight financing for projects


May 17, 2011

The architecture billings index, a leading indicator of U.S. construction activity, fell in April, hurt by tight financing for projects.

The architecture billings index fell 2.9 points last month to 47.6, a level that indicates declining demand for architecture services, according to the American Institute of Architects. The new project inquiries index fell 3.7 points to 55.0, suggesting a hoped-for construction recovery may be delayed. The AIA's index is considered a predictor of nonresidential construction trends 9 to 12 months in the future.

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