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 WORK-ON-THE-BOARDS SURVEYBillings’ November Upturn Points to Solid Momentum in Nonresidential Construction Sector Even with strong workloads, weaker market conditions present key business concern for 2008 Indicating that the recent weakness in design activity has fully stabilized, billings at architecture firms rose again in November, with the October and November gains totaling over four points in the Architecture Billings Index. The November score stood at 55.3, its fourth highest level for 2007, according to AIA Chief Economist Kermit Baker, PhD, Hon. AIA. Inquiries for new work continued to trend down, having dropped almost 10 points since July. The inquiries index is at its lowest level since the summer of 2003. So, although the recent nonresidential slowdown caused principally by problems in credit markets seems to have dissipated, the underlying problem of a weakening economy remains. Easing inquiries for new design projects is indicative of the slower underlying demand for new nonresidential facilities, Baker reports. 
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This is the place for our monthly Work-on-the-Boards survey report, quarterly Housing Trends survey report, and biannual Consensus Forecast, all by AIA Chief Economist Kermit Baker, PhD, Hon. AIA. You’ll also find tips for managing the business side of your practice, as well as the weekly Kiplinger Connection.
