Architecture Firm Billings Continuing To Decline According To Latest AIA Survey
Washington, DC – Despite improving conditions in the broader economy, September marked the twentieth consecutive month of declining
billings for architecture firms, according to the latest data from the AIA/Deltek Architecture Billings Index (ABI). The ABI score of 45.7 for the month indicates that the majority of firms continued to experience a decline in their billings.
“Despite recent rate cuts by the Federal Reserve, many clients remain on the sidelines with regard to proceeding on planned projects,” said Kermit Baker, PhD, AIA Chief Economist. “And while new project opportunities also emerge, clients
are cautious about which to pursue. Fortunately, architecture firms report backlogs of 6.4 months on average, which remain above pre-pandemic levels and are an indication that there is existing work in the pipeline.”
Key ABI highlights for September include:
• Regional averages: South (49.5); Northeast (46.4); Midwest (45.0); West (42.6)
• Sector index breakdown: institutional (48.5); mixed practice (firms that do not have at least half of their billings in any one
other category) (47.8); commercial/industrial (44.2); multifamily residential (41.7)
• Project inquiries index: 51.6
• Design contracts index: 48.3
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 to get more information about the resources available to navigate changing
economic conditions.
About AIA
Founded in 1857, the American Institute of Architects (AIA) works to create more valuable, healthy, secure, and sustainable buildings, neighborhoods, and communities. Through more than 200 international, state, and local chapters, AIA advocates
for public policies that promote economic vitality and public well-being.
AIA provides members with tools and resources to assist them in their careers and business as well as engaging civic and government leaders and the public to find solutions to pressing issues facing our communities, institutions, nation, and world. Members
adhere to a code of ethics and conduct to ensure the highest professional standards. To learn more, visit AIA.org.
About Deltek
Deltek is a leading global provider of enterprise software and information solutions for project-based businesses and the home of AIA MasterSpec®. More than 30,000 organizations, including 12,000 Architecture & Engineering
firms, rely on Deltek for project intelligence, management, and collaboration. Learn more at Deltek.