AIA’s Billings Index Ticks Up Ever So Slightly

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Following the American Institute of Architect’s glum report issued last week about the forecast for continued declines in construction in 2010, there’s a little good news to help pick your spirits back up. Unfortunately, it’s very, very little. The AIA has released their monthly Billings Index and things have ticked up again, moving to 43.4, increasing from 42.8 the month before. Anything over 50 means there’s been an increase in billings, something we haven’t seen around these parts in what seems like years. But the positive spin we can put on this is that, even though these slight bumps upward don’t seem to ever indicate a steady trend, at least it wasn’t December, which saw the first time the numbers had fallen after several months of cautious, anxious optimism.