Latest AIA Survey Shows Demand For Design Services Remains Strong
Washington, DC – Architecture firms reported increasing demand for design services for the tenth consecutive month in November, according to a new report from The American Institute of Architects (AIA). The ABI score for November was 51.0, down from 54.3 the previous
Despite November's score being slightly lower than the previous month, it still indicates positive business conditions overall (any score above 50 indicates billings growth). During November, scoring for both the new project inquiries and design contracts
moderated slightly, but remained in positive territory, posting scores of 59.4 and 55.8 respectively.
“The period of elevated billing scores nationally, and across the major regions and construction sectors seems to be winding down for this cycle,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Ongoing external challenges like
labor shortages, supply chain disruptions, spiking inflation, and prospects for rising interest rates will likely continue to slow the growth in firm billings in the coming months.”
Key ABI highlights for
• Regional averages: Midwest (57.6); South (53.7); West (50.9); Northeast (45.5)
• Sector index breakdown: mixed practice (56.9); multi-family residential (51.4); commercial/industrial (50.5); institutional (50.1)
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.
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.