Billings Index Suggests Activity Will Continue to Improve in 2012

The American Institute of Architects reported last month that the Architectural Billings Index had jumped to 52 in December, indicating that the demand for nonresidential construction is on the rise. Any reading above 50 is said to indicate an increase in commercial building construction 6 to 9 months in the future. December was the second consecutive month with a reading of 52, which, according to AIA chief economist Kermit Baker and several others, is a sign of good things to come in 2012. Read the complete article here.