AIA Billings Index Begins 2022 In Positive Territory
Washington, DC – Architecture firms began 2022 with a slight improvement in business conditions, according to a new report from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for January was 51.0 (any score over 50
indicates billings growth). Inquiries into new work and the value of new design contracts both remained strong with scores of 61.9 and 56.1 respectively.
“Architecture billings, while remaining at very healthy levels in recent months, have slowed considerably from the middle of last year,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “This no doubt reflects delays in the construction
sector caused by supply challenges for both labor and materials, as well as ongoing staffing constraints at architecture firms.”
Key ABI highlights for
• Regional averages: South (61.2); Midwest (51.5); West (47.6); Northeast (46.8)
• Sector index breakdown: mixed practice (59.3); commercial/industrial (54.2); multi-family residential (50.1); institutional (47.3)
• Project inquiries
• Design contracts index: 56.1
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.