AIA’s Billing Index remains on growth track in April. For the third straight month, the Architecture Billings Index (ABI) published by the American Institute of Architects (AIA), Washington, D.C., has gone up. As a leading economic indicator of construction activity, the ABI reflects the approximate nine-to-twelve-month lag time between architecture billings and construction spending. The AIA reported the April ABI rating was 48.4 points, up from a reading of 46.1 points the previous month. Although this score reflects a continued decline in demand for design services (any score above 50 points indicates an increase in billings), it’s the highest score since January 2008, when revenue at architecture firms headed into recession. The new projects inquiry index was 59.6 points.

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