Narrow by location

Architecture Billings Index Backslides Slightly

Economic

After seven months of steady growth in the  demand for design services, the Architecture Billings Index (ABI) paused in September.  As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI score was 49.1, down from a score of 53.7 in the previous month. This score reflects a slight decrease in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.0, down from a reading of 62.5 the previous month, while the new design contracts index eased somewhat from 54.2 to 52.9.

You can view this press release online here: https://www.aia.org/press-releases/156966-architecture-billings-index-backslides-slig

“We’ve seen unexpectedly strong numbers in design activity for most of 2017, so the pause in September should be viewed in that context” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Project inquiries and new design contracts remain healthy, and the continued strength in most sectors and regions indicates stability industry-wide.”

Key September ABI highlights:

 

•           Regional averages: Northeast (56.9), South (54.0), Midwest (50.4), West (48.8)

•           Sector index breakdown: commercial / industrial (54.0), mixed practice (52.2), multi-family residential (51.0), institutional (51.0)

•           Project inquiries index: 59.0

•           Design contracts index: 52.9

 

The regional and sector categories are calculated as a 3-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.

 

Demand for Construction Workers Remains Strong, ABC Says

The employment report from the Bureau of Labor Statistics shows growth in both public and private construction spending,... »

Pace of Construction Activity Projected to Accelerate Through 2019

Strength in industrial and institutional sectors offsetting projected easing in commercial construction activity »

Exxon Mobil to Spend $50B in US, Citing Trump Tax Reform

Energy giant Exxon Mobil announced plans Monday to spend $50 billion to expand its domestic business operations, citing... »

U.S. Supreme Court “Waters of the United States” Ruling May Lead to Confusion and Uncertainty in Waters and Wetlands Regulatory Regime

By Bart J. Kempf, Bradley The United States Supreme Court ruled unanimously in National Association of Manufacturers v.... »

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *