A new report Friday from the American Institute of Architects (AIA) reveals the immediate impact of the COVID-19 pandemic on architecture firms in the U.S. A recent AIA survey found that 50 percent of architecture firms reported fewer new design projects for March—as of the March 23 survey date—as compared to their expectations entering the month.
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“Business conditions at architecture firms have been surprisingly positive so far this year. However, firms were just beginning to feel the impact of the dramatic slowdown caused by COVID-19 as this survey was being conducted in early March.” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “The rapid pull-back in activity throughout the economy will obviously be felt in the design and construction sector, and architecture firms will be one of the first to see how these events play out.”
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Starting the year on a strong note, architecture firm billings strengthened slightly in January, according to a new report today from The American Institute of Architects (AIA). “Despite the continued presence of volatility in the economy, design activity has begun to accelerate in recent months,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Even with the ongoing challenges facing the nonresidential construction sector, this upturn points to at least modest growth over the coming year.”
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Demand for design services in December increased for the third month in a row, according to a new report today from The American Institute of Architects (AIA). “Despite the ongoing slowdown in billings in the Northeast, balanced growth across sectors and regions looks more positive for the coming year,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Factors outside of the construction sector, such as trade policy and international events, could still impact demand for design services, however recent fears about a downturn in construction activity have largely subsided.”
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The American Institute of Architects (AIA) announced yesterday that demand for design services in November increased at a modest pace for the second month in a row. “The uncertainty surrounding the overall health of the economy is leading developers to proceed with more caution on new projects,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “We are at a point where there is a potential for an upside but also a potential for things to get worse.”
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While architecture billings moderated in September, design activity shows signs of remaining sluggish at U.S. architecture firms, according to a new report released today from the American Institute of Architects (AIA).
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Demand for design services in July remained essentially flat in comparison to the previous month, according to a new report released today from The American Institute of Architects (AIA).
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The American Institute of Architects (AIA) announced Wednesday the latest numbers for the AIA’s Architecture Billings Index (ABI) for June. According the report demand for services decreased in June to 49.1, in comparison to 50.2 in May.
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AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. “The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “While both inquiries into new projects and the value of new design contracts remained positive, they both softened in May, another sign the amount of pending work in the pipeline at firms may be starting to stabilize.”
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Following a sizable decrease in demand for design services in March, AIA’s April Architecture Billings Index (ABI) climbed back into positive territory according to a new report announced May 22. The score for April showed a slight increase in design services to 50.5 in April, and business conditions remained positive in the South.
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