The American Institute of Architects reported on Wednesday that its Architecture Billings Index score for April was 52.0, which reflects a healthy business environment for architects and (somewhat later) developers, and even represents a modest uptick compared with March, when the index stood at 51.0. In short, architects are still busy.
The index is a leading economic indicator of commercial and residential construction activity, with nine to 12 months lead time between architecture billings and construction spending. The index thus predicts U.S. construction spending growth, though not always in each property sector.
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