Architecture Billings Drop to 13-Year Low

December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, p7
The article details that according to the American Institute of Architects (AIA), the architectural billings in October 2008 plunged to the lowest level since 1995, with 36.2 billings from 41.4 in September. It notes that an approximate time of interval between billings and construction expenditure ranges from 9-12 months. AIA Chief Economist Kermit Baker observes that the education sector has been affected by the commercial and residential property crises, with agencies struggling in getting bonds approved to fund institutions and healthcare facilities.


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