25 Months of Growth for Architecture Firms Ended in March
The March Architecture Billings Index (ABI) dipped into negative territory for the first time in more than two years.
"Following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March," according to a press release from the American Institute of Architects, which also produces the ABI.
"The ABI score for March was 47.8, down from 50.3 in February. Indicators of work in the pipeline, including inquiries into new projects and the value of new design contracts remained positive," according to the press release.