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).
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“Overall business conditions at architecture firms across the country have remained generally healthy,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Firms in the south recorded continued strong design activity, likely reflecting a healthy regional economy and ongoing rebuilding from the catastrophic 2018 hurricane season.”
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Starting the year on a strong note, architecture firm billings growth strengthened in January to a level not seen in the previous twelve months according to a new report released today from The American Institute of Architects (AIA).
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Architecture firm billings growth softened in December but remained positive for the fifteenth consecutive month, according to a new report released yesterday from The American Institute of Architects (AIA).
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Architecture firm billings grew in November by a healthy margin, according to a new report today from The American Institute of Architects (AIA).
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Architecture firm billings growth softened in October but remained positive for the thirteenth consecutive month, according to a new report that came out November 14, from The American Institute of Architects (AIA).
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Architecture firm billings growth slowed in September but remained positive for the twelfth consecutive month, according to a new report from The American Institute of Architects (AIA).
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AIA’s Architecture Billings Index (ABI) score for August was 54.2 compared to 50.7 in July (any score over 50 represents billings growth). Most of the growth continues to come from the South and the multi-family residential sector.
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Architecture firm billings grew in May, marking the eighth consecutive month of solid growth, according to a new report from The American Institute of Architects (AIA).
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Overall, the AIA’s Architecture Billings Index (ABI) score for March was 51.0, which still reflects a healthy business environment. While business conditions softened somewhat at firms located in the Northeast region, billings remained strong at firms located in the South and West regions. “New project activity coming into architecture firms continues to grow at a solid pace. As a result, project backlogs—in excess of six months at present— are at their highest post-recession level,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Business remains strong in the South and West, and firms with a residential specialization continue to set the pace.”
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