CRE Ice Age Follow Up: Architectural Billings Down, 2011 to be Frosty too
by Warren L. Samek Co-Founder on June 23, 2010 at 2:31pm
According to a soon to be released Reuters report, the American Institute of Architects’ Architecture Billings Index declined to 45.8 in May from 48.5 in April and word is the June number is shaping up to be in low 40’s. A score below 50 indicates a contracting demand dynamic. Because most of us in CRE know that the AIA Architectural Billings Index is a leading indicator for CRE projects (usually by 2 to 3 quarters) this spells more frosty frostiness into 2011.
What IS being designed for upcoming construction? Medical facilities, Senior Housing, Student Housing, Wind Farm Facilities, Parabolic Solar Trough facilities, Logistics/Warehousing facilities, and a lot of custom re-conversion and conversion designs for Multi-family (mid-way condo and townhome projects being turned back over to rental properties). That makes up the juicy part of the pipeline for our friends in architecture.
What is NOT being designed? READ MORE…
