TITLE

Architecture billings decline by 6 points

PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/3/2008, Vol. 25 Issue 44, Special section p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a report by the American Institute of Architects (AIA) on the decrease in architecture billings by more than six points in September 2008 in the U.S. It is noted that the billings are a leading economic indicator of construction activity, with an approximate nine to 12-month lag time between billings and construction spending. Accoridng to AIA chief economist Kermit Baker, many architects are reporting that clients are delaying or canceling projects as a result of problems with project financing.
ACCESSION #
35217240

 

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