Narrow by location

Architecture Billings Index backslides in March

Economic

Following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March, according to a new report today from The American Institute of Architects (AIA).

The ABI score for March was 47.8, down from 50.3 in February. Indicators of work in the pipeline, including inquiries into new projects and the value of new design contracts remained positive.

“Though billings haven’t contracted in a while, it is important to note that it does follow on the heels of a particularly tough late winter period for much of the country,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Many indicators of future work at firms still remain positive, although the pace of growth of design contracts has slowed in recent months.“

Key ABI highlights for March include:

  • Regional averages: South (54.2), Midwest (48.7), West (47.2), Northeast (43.5)
  • Sector index breakdown: mixed practice (53.1), commercial/industrial (47.0), institutional (48.9), multi-family residential (47.7)
  • Project inquiries index: 59.8
  • Design contracts index: 50.8

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

Time to Rebuild Alabama!

by Jim Meads, Sain Associates, from Sain Associates blog Alabama drivers saw a 6-cent state gas tax increase... »

ABC’s Construction Backlog Indicator Inches Lower in June

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.8 months in June 2019,... »

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... »

LEAVE YOUR COMMENT

Your email address will not be published.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