ABI Regional Averages  
IndustryOutlook  
West  
47.5  
Northeast  
50.0  
Architectural Billings  
Midwest  
2.4  
5
up in February  
South  
0.5  
5
he Architecture Billings Index February ABI score was 50.7, up from  
(
ABI) showed growth in 49.5 in the previous month.  
February after a weak January, This score reflects a minor in-  
according to the American Institute of crease in design services, as any score  
Architects. above 50 indicates a rise in billings.  
T
Feb. 2016  
Feb. 2017  
ABI Score  
As a leading economic indicator of The new projects inquiry index was  
construction activity, the ABI reflects 61.5, up from a reading of 60.0 the  
the approximate nine- to 12-month previous month, while the new de-  
lead time between architecture bill- sign contracts index climbed from  
ings and construction spending. The 52.1 to 54.7.  
49.6  
50.7  
New Projects Inquiry Score  
5
5.3 61.5  
The Dodge MomenMtumoImndeex rnosteumjumpInindinestixtutIionnacl prlaenanisnge, swhiilne Fyeearb), rrepuoraterdyby Dodge Data & Analyt-  
1
.6 percent in February to 144.0 from commercial planning slipped slightly, ics, is a monthly measure of the first re-  
its revised January reading of 141.7. falling 0.3 percent for the month.  
port for nonresidential building projects  
The increase was due to a 4.4-percent  
The index (with 2000 as the base in planning, which have been shown to  
lead construction spending for nonresi-  
Dodge Momentum Index (Year 2000=100)  
dential buildings by a full year.  
January February  
February February  
It has now increased for five con-  
secutive months. On a year-over-year  
basis, the Momentum Index is 22  
percent higher, with commercial plan-  
ning up 28 percent and institutional  
planning moving 15 percent ahead of  
last year.  
%
Change  
2017  
2017  
2016  
2017  
Dodge Momentum index  
Commercial building  
141.7  
152.7  
128.7  
144.0  
1.6%  
-0.3%  
4.4%  
126.1  
144.0  
152.3  
133.7  
124.5  
128.0  
152.3  
133.7  
Institutional building  
Source: Dodge Data & Analytics  
February Construction Starts Advance 2 Percent  
At a seasonally adjusted annual  
rate of $706.4 billion, new construc-  
tion starts in February rose 2 percent  
from the previous month, according  
Monthly Construction Starts  
Seasonally adjusted annual rates, in millions of U.S. dollars  
Jan. 2017  
Feb. 2017  
% Change  
to Dodge Data & Analytics. This was Nonresidential building  
the second straight monthly increase, Residential building  
$261,338  
$309,481  
$124,546  
$695,365  
$238,500  
$300,194  
$167,740  
$760,434  
-9  
-3  
following a 15 percent hike in Janu-  
ary, as construction starts regained  
the upward track following four con-  
Nonbuilding construction  
+35  
+2  
Total construction  
secutive monthly declines to close  
YeaUnr-atdoju-sdteadtteotaclos,ninsmtriluliocntsioofndoslltaarsrts  
out 2016. Nonresidential made a  
partial retreat after a strong January,  
yet stayed slightly above its average  
monthly pace during 2016.  
2
Mos. 2016 2 Mos. 2017  
% Change  
Nonresidential building  
Residential building  
$29,293  
$41,760  
$31,659  
$35,534  
$41,227  
$21,698  
+21  
-1  
During the first two months of 2017,  
total construction starts on an unad- Nonbuilding construction  
justed basis were $98.5 billion, down  
percent from the same period a year  
ago, which included elevated amounts  
-31  
Total construction*  
$86,656  
$92,657  
+7  
(
*excluding electric utilities/gas plants)  
4
Source: Dodge Data & Analytics  
for the often volatile manufacturing gories. Excluding those categories, total January-February period would be up 7  
plant and electric utility/gas plant cate- construction starts during this year’s percent compared to last year. n  
28  
USGlass, Metal & Glazing | April 2017  
www.usglassmag.com  

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