Industry momentum that pushed the American Institute of Architects monthly billing index for upcoming nonresidential work into growth mode in October could not be maintained last month—with the index falling to 49.6, the association reported.
A below-50 score on the AIA/Deltek Architecture Billing Index marks a decline in business, said AIA, noting it had been at 50.3 in October and had largely stabilized in the past two months after posting declines for almost two years.
