Architecture Billings Index in May continues to expand as U S economy reopens archinect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archinect.com Daily Mail and Mail on Sunday newspapers.
Construction Monthly Metals Index (MMI) held flat for this month’s reading.
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US construction spending ticks up in April
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U.S. construction spending reached a seasonally adjusted annual rate of $1,524.2 billion in April, the Census Bureau reported.
The estimated April rate marked a 0.2% increase from the previous month and a 9.8% increase on a year-over-year basis.
Construction spending amounted to $452.3 billion during the first four months of the year, or up 5.8% from the same period in 2020.
In the fifth straight month of declining nonresidential outlays, signs of a turnaround surface in office, commercial and lodging segments, backlogs, architecture billings and post-pandemic emergence
The Architecture Billings Index (ABI) is a composite index derived from monthly report surveys from American Institute of Architects (AIA) member firms located throughout the country.
Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.