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Key RE Index Drops to Record Low in October 

Nov 19, 2008By

A highly-watched indicator of activity among architects, often seen as a leading indicator of construction activity, tanked as design firms saw their billing hours shrink in October. The architecture billings index, or ABI, hit a record-low of 36.2 in October, down from 41.4 in September, the American Institute of Architects said Wednesday.