A leading indicator of future nonresidential construction spending hit a seven-month high in September, lending weight to construction forecasts calling for a greater-than-expected 17% boost in commercial construction next year.
The Architecture Billings Index (ABI) produced by the American Institue of Architects continued to accelerate in September, reaching its highest level since February and second-highest mark of the year.
Read more...Construction Forecast: Commercial Property Activity Projected to Rise 17% in 2014 - CoStar Group
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