Institutional Demand Drives Construction Index to Highest Mark Since 2007

Paced by continued demand for projects such as new education and health care facilities, public safety, and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year. A leading economic indicator of construction activity, the American Institute of Architects (AIA) reported the June ABI score was 55.7, up substantially from a mark of 51.9 in May.