Narrow by location

June Architecture Firm Billings Stay Positive

Economic

Architecture firm billings slowed in June but remained positive for the ninth consecutive month, according to a new report today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for June was 51.3 compared to 52.8 in May; it remains positive since any score over 50 represents billings growth. As a result, June’s ABI shows that demand for architecture firm services continues to improve across all sectors.

“Architects continue to see increases in demand for their services this summer, with new project work coming in at a healthy pace,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “However, business conditions are beginning to vary across the country. While essentially remaining flat in the Northeast and Midwest, billings jumped in the South while dropping in the West.”

Key ABI highlights for June include:

  • Regional averages: West (46.9), Midwest (49.8), South (57.4), Northeast (50.2)
  • Sector index breakdown: multi-family residential (54.6), institutional (51.6), commercial/industrial (53.4), mixed practice (49.3)
  • Project inquiries index: 56.0
  • Design contracts index: 54.1

Regional and sector categories above are calculated as a three-month moving average, whereas the national index, design contracts, and inquiries are monthly numbers.

More information on AIA’s ABI is available online.

Q4 Economic Outlook Forecasts 7.9% Growth in Equipment and Software Investment in 2018

After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected... »

Emergency Declaration Permit Extensions for Florida Property Owners, Developers, and Builders

By Vivien Monaco, Burr Forman In the aftermath of Hurricane Michael, there will be many development projects delayed... »

August Architecture Firm Billings Rebound As Building Investment Spurt Continues

Architecture firm billings rebounded solidly in August, posting their eleventh consecutive month of growth, according to a report... »

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... »

LEAVE YOUR COMMENT

Your email address will not be published.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