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Category: Architecture Billings Index

Design services saw increase in February however economic footings are rapidly shifting

“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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Architecture billings continue growth into 2020

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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Architecture Billings Index ends year on positive note

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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Architecture Billings Index continues to show modest growth

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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Architecture Billings Index decreases in June

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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Architecture billings remain flat

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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Slight rebound for architecture billings in April

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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Architecture Billings Index backslides in March

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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Architects design pavilion with red petal facade. Overlapping shingles are composed of Alucobond Spectra Red tiles featuring a Lumiflon FEVE fluoropolymer resin topcoat. Photo credit: Keith Panel Systems

Architects design pavilion with red petal facade. Overlapping shingles are composed of Alucobond Spectra Red tiles featuring a Lumiflon FEVE fluoropolymer resin topcoat. Photo credit: Keith Panel Systems

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