AIA's Billing Index Continues to Fall Through November
Despite what Marvin Malecha might think about the architecture industry rebounding in as soon as six months, his American Institute of Architects surely isn’t helping perk anyone up, as they’ve just released their latest Architecture Billings Index for November and things have continued to fall even lower than they were last month, which was already a depressing record setter, resulting, of course, in likely more activity over at Archlayoff. Here’s a bit:
“With mounting job losses, declines in retail sales, and travel cut-backs, the need for new commercial facilities has dropped considerably recently,” said AIA Chief Economist Kermit Baker, PhD, Hon.
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