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Category: Architecture Billings Index

Architecture billings climb into positive territory after a year of monthly declines

Continuing the positive momentum of a nearly three-point bump in January, the Architecture Billings Index (ABI) reached its first positive mark since February 2020, according to a new report today from The American Institute of Architects (AIA). February marked the first time the design contract score rose back into positive territory since the pandemic began with a score of 51.6 compared to 48.8 in January.

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Architecture Billings continue to lose ground

Demand for design services from U.S. architecture firms took a pointed dip last month, according to a new report from the American Institute of Architects (AIA). The pace of decline during December accelerated from November, posting an Architecture Billings Index (ABI) score of 42.6 from 46.3.

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Architecture billings lose ground in November

Architecture firm billing activity is contracting once again after two months of a slowing decline, according to a new report from the American Institute of Architects (AIA). The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.3 from 47.5 (any score below 50 indicates a decline in firm billings).

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July architectural billings remained stalled

Architectural billings failed to show any progress during July, and business conditions continued to be soft at firms, according to the latest Architecture Billings Index (ABI) report from The American Institute of Architects (AIA).

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Architecture billings begin to stabilize in June

AIA’s Architecture Billings Index (ABI) score for June was 40.0 compared to 32.0 in May. “While business conditions remained soft at firms across the country, those with a multifamily residential specialization saw the most positive signs,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Unfortunately, conditions at firms with a commercial/industrial specialization are likely to remain weak for an extended period of time, until hospitality, office and retail facilities can fully reopen, and design demand for this space begins to increase.”

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Architecture billings downward trajectory moderates

Demand for design services in May saw few signs of rebounding following a record drop in billings the month prior, according to a new report from The American Institute of Architects (AIA). “A large portion of the design and construction industry remains mired in  steep cutbacks as many businesses and organizations are still trying to figure out what actions make sense in this uncertain economic environment,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “There are growing signs of activity beginning to pick up in some areas, but others are seeing a pause as pandemic concerns continue to grow.”

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