Narrow by location

Run of Positive Billings Continues at Architecture Firms

Economic

Architecture firm billings growth expanded in November by a healthy margin, according to a new report today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for November was 54.7 compared to 50.4 in October. With the strongest billings growth figure since January and continued strength in new project inquiries and design contracts, billings are closing the year on a strong note.

“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries, and new design contracts,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “For the coming year, concerns about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”

Key ABI highlights for November include:

  • Regional averages: Northeast (56.8), Midwest (53.1), South (50.5), West (49.0)
  • Sector index breakdown: commercial/industrial (53.8), mixed practice (53.8), multi-family residential (51.2), institutional (50.8)
  • Project inquiries index: 63.1
  • Design contracts index: 54.6

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

Mid-year Economic Outlook for Nonresidential Construction: Expansion Continues, But Vulnerabilities Pile Up

More than 10 years after the end of the most severe financial crisis since the Great Depression, the... »

2019 Mid-year Economic Outlook

Reposted with permission from constructionexec.com, July 31, 2019, all rights reserved. Copyright 2019. A bit more than 10 years... »

Construction Contractors Remain Confident as Summer Begins, Says ABC

U.S. construction industry leaders remained upbeat regarding nonresidential construction’s near-term prospects in May 2019, according to the Construction... »

Alabama Sets New Record Low Unemployment Rates

Alabama set five new economic records in June, Labor Secretary Fitzgerald Washington announced today.  June’s preliminary, seasonally adjusted... »

LEAVE YOUR COMMENT

Your email address will not be published.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