The Architecture Billings Index (ABI) recorded its seventh consecutive positive month, according to the September report from The American Institute of Architects (AIA).More »
The Architecture Billings Index (ABI) recorded its sixth consecutive positive month, according to the latest report from The American Institute of Architects (AIA).More »
Architecture firms reported increasing demand for design services in June according to the latest report from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for June remained at an elevated level of 57.1 in June (any score above 50 indicates an increase in billings). During June, the new design contracts score also remained positive at 58.9 but was not quite as strong as the 63.2 reading in May. New project inquiries logged another near-record high score at 71.8, compared to 69.2 in May.
“With the current pace of billings growth near the highest levels ever seen in the history of the index, we’re expecting a sharp upturn in nonresidential building activity later this year and into 2022,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “However, as is often the case when market conditions make a sudden reversal, concerns are growing about architecture firms not being able to find enough workers to meet the higher workloads. Nearly six in 10 firms report that they are having problems filling open architectural staff positions.”
Key ABI highlights for June include:
- Regional averages: Midwest (62.0); West (59.7); South (57.3); Northeast (53.2)
- Sector index breakdown: commercial/industrial (61.0); multi-family residential (57.9); institutional (57.3); mixed practice (56.4)
- Project inquiries index: 71.8
- Design contracts index: 58.9
The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers. Visit AIA’s website for more ABI information.
Price and availability of construction materials and products is a moderate to serious problem for many firms
Business conditions at architecture firms continued to rebound at a strong clip in April, with the AIA’s Architecture Billings Index (ABI) score rising to 57.9 for the month (any score over 50 indicates billings growth). This is the highest ABI score since prior to the Great Recession, and indicates that a majority of architecture firms saw their billings increase this month. Interest in new projects remained extremely strong as well, with the Inquiries score rising to 70.8, and the value of new signed design contracts reaching 61.7, the highest score in that index since data collection started in late 2010. This means that not only are clients talking to architecture firms about starting new projects, but that they are also signing contracts to begin that work at a high rate.More »
Strengthening to a score not seen since pre-Great Recession, the Architecture Billings Index (ABI) logged its second positive mark since the beginning of the pandemic, according to the April 2021 report from The American Institute of Architects (AIA).More »
Older Americans confront a range of inhospitable conditions on a daily basis that challenge them to complete errands, see friends, or even just go for a walk. As we all emerge from the post-COVID malaise and resume our usual levels of mobility, we have a chance to rethink not just our movements, but the daily rites and journeys of our elders, too. A big part of that is potholes and uneven pavement, but for researchers at the University of Virginia, another big part is the sensory conditions of their everyday lives.More »