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Tuesday, March 29, 2011

U.S. Architecture Billings Inch Up In February

The Architecture Billings Index rose 0.6 points to 50.6 last month, the American Institute of Architects (AIA) said. It was the fourth consecutive reading above 50, a sign that billings by architecture firms are rising.

The billings index is considered a predictor of construction spending about nine to 12 months in the future, since buildings are designed long before they are erected.

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