In 2011, a volatile Architecture Billings Index (ABI) reflected the unstable conditions U.S. practices were struggling to deal with. However, the year ended optimistically as the ABI remained at 52.0 for the month of December. So far, January has prolonged the hopeful outlook for the American design and construction industry, as many reports highlight a “modest recovery” in the nonresidential sector for 2012 and an even stronger upturn in 2013.
“Spending on hotels, industrial plants and commercial properties are going to set the pace for the construction industry over the next two years,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “The institutional market won’t experience the same growth, but healthcare facilities and places of worship are poised for a positive economic outlook in that sector.”
