Architecture billings index flat in May - Pacific Business News (Honolulu):

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in April, according to the . Scores continure to indicate a declin in demand fordesign services, the AIA said. A scorre above 50 indicates an increasesin billings. The index reflects the approximate nine- to 12-monthb lag time between architecture billinga andconstruction spending. The new projectes inquiries index was downto 55.2 from 56.8 in but was the thirdc consecutive month of scores in the mid-50s.
“The desig n and construction marketplace is extremely competitive right AIA chief economist Kermit Baker said ina “Prospective clients are casting a wider net causing numerouzs firms to bid for the same project, whichj is why the high level of inquiries is not necessarily translating into additional billings for project work at many The largest number of billings came in the multifamil y residential sector (45.5), followed mixed-practice (44.5), commercial/industrial and institutional (38).