AIA Billings Index Shows Growth in November

Washington, DC, Jan. 14, 2013 -- The American Institute of Architects Billings Index remained in expansion territory in November, the organization reported in late December.

The index was at 53.2, up from the mark of 52.8 in October. The new projects inquiry index was 59.6, up slightly from the 59.4 mark of the previous month.

"These are the strongest business conditions we have seen since the end of 2007 before the construction market collapse," said AIA Chief Economist Kermit Baker.

The index is a barometer for future construction projects.