Latest AIA Billings Survey Suggests Construction Very Strong Heading Into 2019
Washington, DC –
Architecture firm billings growth expanded in November by a healthy margin, according to a new report from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for November was 54.7 compared to 50.4
in October. With the strongest billings growth figure since January and continued strength in new project inquiries and design contracts, billings were closing the year on a strong note.
“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries, and new design contracts,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “For the coming year, concerns
about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”
Key ABI highlights for November include:
• Regional averages: Northeast (56.8), Midwest (53.1), South (50.5), West (49.0)
• Sector index breakdown: commercial/industrial (53.8), mixed practice (53.8), multi-family residential (51.2), institutional (50.8)
• Project inquiries index: 63.1
• Design contracts index: 54.6
Regional and sector categories above are calculated as a three-month moving average, whereas the national index, design contracts, and inquiries are monthly numbers.
More information on AIA’s ABI is available online.
About The American Institute Of Architects
For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. Members adhere to a code of ethics and professional conduct to ensure the highest standards in professional practice. Embracing their responsibility to serve society, AIA members engage civic and government leaders and the public in helping find needed solutions to pressing issues facing our communities, institutions, nation and world. For more information, visit www.aia.org.