Posted
6:09 PM
by Gene
5:38 PM The American Institute of Architects’ Architecture Billings Index suggests further declines in CRE investment through all of 2010 and probably longer. The AIA cites an "approximate 9- to 12-month lag time between architecture billings and construction spending" on non-residential construction.DOW 2,000,000,000!!!!!Fitch: U.S. CMBS [Commercial mortgage-backed security] Loan Defaults to Exceed 11% by End of 2010DOW 3,000,000,000!!!!!
(Second link via Calculated Risk story)