AIA's ABI November Index reaches 52.0

Continuing the positive momentum of a nearly three point bump in October, the Architecture Billings Index (ABI) reached its first positive mark since August. 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 American Institute of Architects (AIA) reported the November ABI score was 52.0, following a score of 49.4 in October. This score reflects an overall increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 65.0, up dramatically from a reading of 57.3 the previous month.

"This is a heartening development for the design and construction industry that only a few years ago accounted for nearly ten percent of overall GDP but has fallen to slightly less than six percent," said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. "Hopefully, this uptick in billings is a sign that a recovery phase is in the works. However, given the volatility that we've seen nationally and internationally recently, we'll need to see several more months of positive readings before we'll have much confidence that the U.S. construction recession is ending."

Key November ABI highlights:

Regional averages: South (54.4), Midwest (50.9), Northeast (49.1), West (45.6)
Sector index breakdown: multi-family residential (55.8), commercial / industrial (53.9),
Institutional (48.9), mixed practice (41.6)
Project inquiries index: 65.0

The regional and sector categories are calculated as a 3-month moving average, whereas the index and inquiries are monthly numbers. BD+C

It’s no accident that the word “Highline” is in this project’s name. The goal is for the building to be a kind of gateway into the larger redevelopment of the surrounding neighborhood to resemble New York’s City’s trendy downtown Meatpacking District, through which runs a portion the High Line elevated park.

Healthcare Facilities | Feb 1, 2015

7 new factors shaping hospital emergency departments

A new generation of highly efficient emergency care facilities is upping the ante on patient care and convenience while helping to reposition hospital systems within their local markets.

Common areas in multifamily buildings, often look more like lobbies found in hotels in the multifamily housing game

Multifamily Housing | Jan 31, 2015

5 intriguing trends to track in the multifamily housing game

Demand for rental apartments and condos hasn’t been this strong in years, and our experts think the multifamily sector still has legs. But you have to know what developers, tenants, and buyers are looking for to have any hope of succeeding in this fast-changing market sector.