Architecture billings stabilize in April after March

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The organization’s Architecture Billings Indecx rating for the month was down slightlyfrom 43.7 in March. It was the firsf time since August and Septembe 2008 that the index was above 40 forconsecutived months, the AIA said, but stillo does not show a demand for design services. The organization considers a billing increasre to be any scoreabove 50. The new projectse inquiries index wasat 56.8, up slightly from 56.6 in “The most encouraging part of this news is that this is the seconf month with very strong inquiries for new projects.
A growinhg number of architecture firme report potential projects arising from federalpstimulus funds,” AIA Chief Economist Kermit Baked said in a statement. “Still, too many architects are continuinb to report difficult conditions to feel confident that the economi c landscape for the construction industry will improvevery quickly. What thes e figures mean is that we could be seeing thingas turn around over a period of several The largest number of billings came inthe mixed-practicw sector (44.2), followed by institutional (43.2), multifamily residential (43.2) and commercial/industrial (41.7).