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31 May
20:08

Architectural index indicates weakening US construction market

Billings for architectural firms in the US fell during the month of April, indicating a weakening national construction industry, as investment spending for both public and private sectors have begun to suffer from the effects of rising interest rates. Kallanish learns from the American Institute of Architects' (AIA) architectural billings index that architectural firms' future design contracts have decreased slightly, as well, but at a slightly slower…
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