While business conditions remained soft nationwide last month, there was one bright spot as the South saw a slight uptick in billing activity for the first time in nearly a year.
Amid ongoing uncertainty about interest rates and material costs, the AIA/Deltek Architecture Billings Index reports diminishing billings for firms nationwide.
Uncertainty around the impact of recently announced tariffs and immigration policies have dampened the economic outlook for the building industry, with the latest ABI data showing a drop in new project inquiries for the first time since 2020.
