August’s Architecture Billings Index drops slightly, driven by declines in multifamily and institutional contracts
Archinect
SEPTEMBER 20, 2023
The multifamily market maintained its relatively poor performance, with the institutional sector likewise recording a decline. 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.
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