American Institute of Architects Assembling Database of Stalled Projects

With the numbers reported in the American Institute of Architects’ Architecture Billings Index having returned to a monthly signal of gloom and despair, you’d think the AIA wouldn’t want to compound the collective depression with more knowledge of how rough things are right now in the business of building. Unfortunately, if you happened to miss it, last week the AIA announced that it is in the middle of assembling a database of stalled projects across the country, sharing that “almost two-thirds of architects responding to a recent AIA survey reported at least one project that is stalled due to lack of financing, despite record low interest rates.”