AIA Billings Index Numbers Show Improvement In September
Washington, DC –
Architecture billings moderated in September but design activity shows signs of remaining sluggish at U.S. architecture firms, according to a new report from the American Institute of Architects (AIA).
The Architecture Billings Index (ABI) score for September was 49.7, which improved from the August score of 47.2. However, any score below 50 indicates a decrease in billings. During September, both the new project inquiries and design contracts scores
were positive, posting scores of 59.0 and 54.4 respectively.
“Though still in negative territory, the moderating billings score along with the rebound in design contracts and inquiries serve as a continued note of caution for the industry,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Continued
weakness in the larger economy still doesn’t bode well for future design services, which will likely see continued volatility in the months ahead.”
Key ABI highlights for
• Regional averages: South (52.3); West (51.3); Northeast (46.3); Midwest (45.3)
• Sector index breakdown: multi-family residential (53.2); mixed practice (53.0); institutional (48.5); commercial/industrial (45.3)
• Project inquiries index: 59.0
• Design contracts index: 54.4
The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
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.