Billings at U.S. architecture firms were positive for the 17th consecutive month in February, according to new seasonally adjusted figures from the American Institute of Architects. The Architecture Billings Index, a leading economic indicator of nonresidential construction activity, had a February rating of 55.5 (any score above 50 indicates an increase), unchanged from January. "The fact that we are seeing consistently strong numbers at architecture firms over such a prolonged period without any dips is especially encouraging for the nonresidential construction outlook," said AIA Chief Economist Kermit Baker. "These figures are following along a similar path as the conditions that led to a very healthy construction sector in the late 1990s." By region, the Midwest led the nation with ...
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