The Architectural Billing Index (ABI) jumped nearly two points in the latest report from the American Institute of Architects. The ABI rose from 52.0 in November to 54.2 in December (any score of 50 or greater represents an increase in billings). The November rating was the previous highest score since 2007.
The ABI is a leading economic indicator of construction activity, reflecting a general nine to twelve month lag between architectural billings and construction spending.
December Regional Averages:
- Northeast: 55.3
- South: 54.8
- Midwest: 52.9
- West: 48.4
