AIA Billings Index Rises in July

Washington, DC, Aug. 18, 2010--The Architectural Billings Index rose in July but remained at a level that indicates falling demand for the 30th consecutive month, according to the American Institute of Architects.

The Architecture Billings Index was up 1.9 points last month to 47.9.

However, its index of project inquiries fell 4.6 points to 53.1.

Readings above 50 indicate expansion, while those below 50 point to declining demand. Inquiries have stayed above 50 in recent months as builders seek multiple bids for design projects.

"We continue to receive a mixed bag of feedback on the condition of the design market, from improving to flat to being paralyzed by uncertainty," said AIA Chief Economist Kermit Baker.

None of the four geographic regions tracked by the group was above 50, and only the commercial/industrial sector was above that mark in July.

The AIA's billings index is an indicator of construction spending nine to 12 months in the future.

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