Architecture Billings Index Remains Slightly Above 50 in February

The U.S. Architecture Billings Index came in at 51.0 in February, remaining above 50 for the fourth straight month. While any reading above 50 indicates a construction market poised for recovery, the index was only up .1 points from 50.9 in January. According to the American Institute of Architects, the fact that the reading is practically flat as compared to the prior month means that there are still obstacles to a faster and steadier recovery. Read the complete article here.