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.
Eyeing business opportunities and increased tourism, the Spanish capital of Madrid is seeking to deepen its engagement with Indian metros, particularly New Delhi, by showcasing its expertise in the area of efficient and sustainable development of cities.
SOURCE: The Economic Times.– Madrid seeks to deepen ties with Indian metros – Foreign Trade-Economy-News-
Green architect William McDonough has been hailed as a water-walking visionary. The truth is far more complicated.
Read more @ the SOURCE: Fast Company – Green Guru Gone Wrong: William McDonough
As economic conditions worsen, LI members need to be aware that there is a risk of an increased number of complaints or insurance claims being brought against them by clients.
read more @ the SOURCE: Landscape Institute – PI Insurance claims predicted to increase.
Large scale finance and real estate projects in the Middle East, some of which were announced at Cityscape, will be vulnerable to the global credit crunch, according to a new report.
Read more @ the SOURCE: Propertywire.com – Mega property projects in the Middle East could face funding problems | Middle East | News.