AIA/Deltek ABI Sees Stable Business Conditions In July
Washington, DC – The American Institute of Architects (AIA)/Deltek Architecture Billings Index (ABI) results for July signals mostly stable business conditions. The ABI score was 50.0, indicating that billings at architecture firms remained
flat for the month.
“This is the third straight month that billings at architecture firms have stabilized,” said AIA Chief Economist Kermit Baker, PhD. “New project work has been even stronger over this period. This suggests that design work may finally
begin to increase over the coming months, although somewhat modestly.”
Firms with a commercial/industrial specialization reported their strongest billings growth in more than a year, while firms with a multifamily residential specialization continued to report declining billings. While this marks the ninth consecutive
month of growth for firms located in the Midwest region, firms in other regions reported modest declines in billings.
The ABI is a leading economic indicator derived from a monthly survey of AIA member-owned firms which measures demand for design services throughout U.S., providing insight into future construction activity across various sectors including commercial/industrial/institutional
buildings and multifamily residential projects.
ABI highlights for July include:
• Regional averages: Midwest (51.6); West (49.6); Northeast (49.3); South (48.9)
• Sector index breakdown: commercial/industrial (52.7); institutional (51.2); mixed practice (firms that do not have at least half of their billings in any one other category) (46.3); multifamily residential (45.4)
• Project inquiries index: 54.5
• Design contracts index: 50.0
The regional and sector categories
are calculated as three-month moving averages and may not always average out to
the national score.
Visit AIA’s website for detailed information about this, and past billing index reports.
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.