Washington, D.C., October 22, 2008 — Following three consecutive months of signs of greater stability in design activity, the Architecture Billings Index (ABI) fell precipitously, dropping more than six points. As a leading economic indicator of construction activity, the ABI shows an approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI rating was 41.4, down sharply from the 47.6 mark in August (any score above 50 indicates an increase in billings). The inquiries for new projects score was 51.0. This is also the first time in 2008 that the institutional sector has fallen below the 50 mark.
read more @ the SOURCE: AIA.org – Architecture Billings Index Falls More than Six Points.
Close on the heels of Nakheel announcing a “more than one kilometre high tower”, Saudi Arabia has announced the launch of Kingdom Tower, which it termed will be at a minimum height of 1,000 metres.
It is claimed to be the world’s tallest tower and part of the Kingdom City project that is being built by Kingdom Holding Co.
SOURCE: Emirates Business 24/7 – Saudi comes up with a 1,000m tower plan.
“The Pentagon memorial will be inaugurated today 7 years after 9/11. This memorial is the result of a competition won by KBAS Studio, who worked closely with the familiars of the victims. Pre fabrication and computer modelling where vital on the design and construction process of this memorial.”
For pictures of the memorial and its construction go to Arch Daily designed by KBAS Studio
Read more @ the SOURCE: Pentagon Memorial / KBAS Studio | Arch Daily.