Inquiries Into New Projects Up Modestly In AIA's Latest Billings Survey

Washington, DC – The American Institute of Architects' AIA/Deltek
Architecture Billings Index (ABI) score for November was 45.3, marking
the 13th consecutive month of declining billings at architecture firms,
and the 35th month of a score below 50 out of the last 38.
Inquiries
into new projects did increase modestly, but the value of
newly signed design contracts continued to soften. Firms are unlikely to
see a significant increase in billings until work in the pipeline
resumes.
“Weakness in business conditions at architecture firms
continues to be widespread, with declining billings across all major
specializations and in every region except the Midwest,” said Kermit
Baker, PhD, AIA Chief Economist. “However, inquiries for new projects
continued to increase, and design activity at firms in the Midwest – a
region that traditionally has had a disproportionate share of
manufacturing activity – appears to have hit its bottom for this cycle
and is expected to continue to improve.”
Key ABI highlights for November include:
• Regional averages: Midwest (52.3); South (46.1); West (43.6); Northeast (43.1)
•
Sector index breakdown: institutional (47.6); multifamily
residential (46.6); commercial/industrial (45.2); mixed practice (firms
that do not have at least half of their billings in any one other
category) (44.5)
• Project inquiries index: 51.4
• Design contracts index: 42.7
The
regional and sector categories are calculated as three-month moving
averages and may not always average out to the national score.
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.