The rate of growth did slow when compared to May, but architecture billings remained positive in June, coming in at a score of 51.3.
The Architecture Billings Index increased for the eighth straight month, a sign that construction activity will continue even in the face of labor shortages and the rising cost of building materials. Architects for the institutional building sector say this has been the strongest for billing growth in several years.
Empty-nest Baby Boomers and recent college graduates spurred development around central business districts nationwide with multimodality and other quality-of-life features. Now the trend seems to be reversing.
With double-digit gains in demand, 2016 was an encouraging year. Here's what our experts predict for 2017.
What imminent retirees want and what their communities can provide are two different things.
