On the heels of a nearly three-point increase, the Architecture Billings Index (ABI) climbed into positive terrain for the first time in five months. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.
The AIA reported the August ABI score was 50.2, up from the mark of 48.7 in July. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.2, up from mark of 56.3 the previous month.
“Until the economy is on firmer ground, there aren’t likely to be strong increases in demand for design services,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “In the meantime, we can expect to see design activity alternate between modest growth and modest decline.”
Key August ABI highlights:
- Regional averages: South (52.2), West (51.2), Northeast (45.5), Midwest (45.3)
- Sector index breakdown: multi-family residential (53.0), institutional (50.2) commercial/industrial (47.9), mixed practice (46.8)
- Project inquiries index: 57.2. +
Related Stories
| Oct 30, 2012
Wight & Company announces three hires
Expands team and adds staff to work on the UNO project.
| Oct 15, 2012
Silicones from Dow Corning solve high-altitude technical challenges at the world’s tallest tower
The spectacular Burj Khalifa skyscraper soars to 828m above ground level, holding the record for being the world’s tallest building and also for the highest installation of an aluminum and glass façade. To take on its numerous challenges and technical difficulties, it required proven silicone solutions and full support from Dow Corning.
| Oct 15, 2012
Three new members elected to AISC Board of Directors
New members will immediately begin serving on the AISC Board of Directors, assisting with the organization's planning and leadership in the steel construction industry.
| Oct 11, 2012
Hank Adams Named to Lead HDR’s Healthcare Program
With more than 25 years of experience, HDR vice president is tapped to lead firm's healthcare projects.
| Oct 10, 2012
Foster + Partners to Design New 425 Park Avenue Tower
Conceptual designs submitted by Foster, Hadid, Koolhaas and Rogers to be on exhibit during Municipal Art Society’s Annual Symposium
| Oct 9, 2012
AIA billings index sounds a positive note
The so-called new projects index was at a relatively healthy 57.2, up from 56.3 the previous month.
| Oct 9, 2012
Celebrating brick in architecture
The Brick Industry Association’s 2012 Brick in Architecture Awards put the spotlight on new projects that make creative use of one of humankind’s oldest and most beloved building materials.
| Oct 5, 2012
2012 Reconstruction Award Special Recognition: Joplin Interim High School, Joplin, Mo.
At 5:41 p.m. CDT on Sunday, May 22, 2011, an EF5 tornado touched down in Joplin, Mo. In the next 31 minutes, the mile-wide, multiple-vortex tornado, with winds up to 250 mph, destroyed two thousand buildings, including Joplin High and nine other schools.
| Oct 5, 2012
2012 Reconstruction Award Bronze Winner: DPR Construction, Phoenix Regional Office, Phoenix, Ariz.
Working with A/E firm SmithGroupJJR, DPR converted a vacant 16,533-sf one-time “adult-themed boutique” in the city’s reemerging Discovery Triangle into a LEED-NC Platinum office, one that is on target to be the first net-zero commercial office building in Arizona.
| Oct 5, 2012
2012 Reconstruction Award Bronze Winner: Pomeroy Senior Apartments, Chicago, Ill.
The entire interior of the building was renovated, from the first floor lobby and common areas, to the rooftop spaces. The number of living units was reduced from 120 to 104 to allow for more space per unit and comply with current accessibility requirements.