AIA's Architecture Billings Index Once Again Showing Growth
Washington, DC –
Demand for design services in November increased at a modest pace for the second month in a row, according to the latest report from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score of 51.9 for November reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). During November, both the new project inquiries
and design contracts scores were positive, posting scores of 60.9 and 52.9 respectively.
“The uncertainty surrounding the overall health of the economy is leading developers to proceed with more caution on new projects,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “We are at a point where there is a potential
for an upside but also a potential for things to get worse.”
Key ABI highlights for
• Regional averages: South (54.5); West (51.3); Midwest (51.1); Northeast (47.5)
• Sector index breakdown: commercial/industrial (52.9) mixed practice (52.2); multi-family residential (51.5); institutional (50.1)
• Project inquiries index: 60.9
• Design contracts index: 52.9
The regional and
sector categories are calculated as a three-month moving average, whereas the
national index, design contracts and inquiries are monthly numbers.
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.