Positive Momentum 'Has Disappeared' as the AIA's Architecture Billings Index Continues to Sink

So much for whatever was left of the cautious optimism many were feeling in the architecture and construction industries following a string of positive signs coming from the American Institute of Architects‘ monthly Architecture Billings Index. The last few months had seen a series of tumbles in the Index, after it peaked back in January with pre-2008, industry meltdown levels. Now it’s dipped even further, down to 47.2 from 47.6 the month before (anything below 50 indicates fewer billings and, in general, less demand).