Following a steep drop to 47.6 in April, the Architectural Billings Index fell further to 47.2 in May. The inquiries score hit 52.6, its lowest mark since February 2010. Kermit Baker, AIA chief economist, noted that the slide was consistent with the general economic downturn, and that “the prolonged credit freeze from lenders for financing commercial projects is the number one challenge to a recovery.”
Architect Billing in the US falls again…Recession?
Published on 23 June 2011
