August’s Architecture Billings Index drops slightly, driven by declines in multifamily and institutional contracts
Archinect
SEPTEMBER 20, 2023
The American Institute of Architects' latest Architecture Billings Index for August has recorded a slight decrease to a score of 48.1 (any The value of new design contracts also dropped for the first time since April. Firms specializing in commercial/industrial projects, however, reported increases for the third month in a row.
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