Narrow by location

Architecture Billings End Year on Positive Note

Economic

The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings. The American Institute of Architects (AIA) reported the December ABI score was 52.9, down from a score of 55.0 in the previous month. This score still reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.9, up from a reading of 61.1 the previous month, while the new design contracts index decreased slightly from 53.2 to 52.7.

View this press release online here: https://www.aia.org/press-releases/174236-architecture-billings-end-year-on-positive-

“Overall, 2017 turned out to be a strong year for architecture firms.  All but two months saw ABI scores in positive territory,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Additionally, the overall strength of the fourth quarter lays a good foundation for healthy growth in construction activity in 2018.”

Key December ABI highlights:

•           Regional averages: South (56.3), West (53.0), Midwest (52.9), Northeast (49.4)

•           Sector index breakdown: multi-family residential (55.4), commercial / industrial (54.8), institutional (51.2), mixed practice (50.4)

•           Project inquiries index: 61.9

•           Design contracts index: 53.2

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

 

ABC’s Construction Backlog Indicator Hits a New High in Second Quarter of 2018

Associated Builders and Contractors reports that its Construction Backlog Indicator expanded to a record 9.9 months during the... »

Important Fiscal Year-End (and Beginning) Considerations for Government Contractors

By Aron C. Beezley, Bradley While many federal contractors operate on a fiscal year that coincides with the... »

July Architecture Firm Billings Remain Positive Despite Growth Slowing

Architecture firm billings growth slowed again in July but remained positive overall for the tenth consecutive month, according... »

Projections Reveal Nonresidential Construction Spending to Grow

Construction spending is projected to grow through 2019, according to a new consensus forecast from The American Institute... »

LEAVE YOUR COMMENT

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