Narrow by location

Architecture Billings Slow, But Close 2018 With Growing Demand

Economic

Architecture firm billings growth softened in December but remained positive for the fifteenth consecutive month, according to a new report released today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November.  Despite the positive billings, a softening in growth was seen across several regions and sectors, as well as in project inquiries and design contracts.

“Given the concerns over the ongoing tariff situation, it is not surprising to see a bit of a slowdown in progress on current projects,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Growing anxiety over unstable business conditions and the partial shutdown of the government may lead to further softening in the coming months.”

Key ABI highlights for December include:

  • Regional averages: Midwest (56.3), Northeast (51.6), South (49.4), West (49.2)
  • Sector index breakdown: institutional (53.1), commercial/industrial (51.2), mixed practice (50.2), multi-family residential (49.8)
  • Project inquiries index: 55.6
  • Design contracts index: 52.1

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

2018 Underpayment Tax Penalties Waived by IRS

From Carr, Riggs & Ingram According to the IRS, they will be waiving underpayment penalties for anyone who... »

Tax Reform, Trade Turbulence and More: Five Real Estate & Construction Predictions for 2019

From BMSS Marked by turbulent trade conditions, a shifting retail landscape, continued fall- out over tax reform and... »

Opportunity Zones: Open for Business

From Carr, Riggs & Ingram The Opportunity Zone provisions of the Tax Cuts and Jobs Act of 2017... »

Did You Know? Travel Demand Models Help Planners Predict Travel Patterns

From Sain Associates Travel Demand Forecasting involves the use of a variety of models to duplicate Trip Generation,... »

LEAVE YOUR COMMENT

Your email address will not be published.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