AIA Billings Index Dips Into Negative Territory In June
Washington, DC – Demand
for design services at architecture firms decreased in June in comparison to the previous month, according to a new report from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for June was 49.1, which is down from 50.2 in May. Any score below 50 indicates a decrease in billings. Both the project inquiries index and the design contracts index continued to soften in June but
“With billings declining or flat for the last five months, it appears that we are settling in for a period of soft demand for design services,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “With the new design contracts score
reaching a 10-month low and the project inquiries score hitting a 10-year low, work in the pipeline may start to get worked off, despite current robust backlogs.”
Key ABI highlights for June include:
• Regional averages: South (51.9); West (49.3); Midwest (48.9); Northeast (46.1)
• Sector index breakdown: mixed practice (54.3); commercial/industrial (52.3);
institutional (47.0); multi-family residential (46.3)
• Project inquiries index: 52.8
• Design contracts index: 50.3
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.