Following the first positive score in four months, the Architecture Billings Index (ABI) reversed direction again in September. 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 September ABI score was 46.9, following a score of 51.4 in August. This score reflects a sharp decrease in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 54.3, down from a reading of 56.9 the previous month.
“It appears that the positive conditions seen last month were more of an aberration,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “The economy is weak enough at present that design activity is bouncing around more than usual; one strong month can be followed by a weak one. The economy needs to be stronger to generate sustained growth in design activity.”
Key September ABI highlights:
- Regional averages: Midwest (51.0), Northeast (50.8), South (47.3), West (46.7)
- Sector index breakdown: commercial / industrial (52.4), mixed practice (50.0), institutional (48.0), multi-family residential (46.4)
- Project inquiries index: 54.3
The regional and sector categories are calculated as a 3-month moving average, whereas the index and inquiries are monthly numbers. BD+C
Related Stories
| Oct 17, 2011
Aerialogics announces technology partnership with CertainTeed Corp.
CertainTeed to provide Aerialogics’ Aerial Measurement Services to its credentialed contractor base and utilize the technology in its Roofing Products Division.
| Oct 17, 2011
Big D Floor covering supplies to offer Johnsonite Products??
Strategic partnership expands offering to south and west coast customers.
| Oct 17, 2011
Clery Act report reveals community colleges lacking integrated mass notification systems
“Detailed Analysis of U.S. College and University Annual Clery Act Reports” study now available.
| Oct 17, 2011
USGBC L.A. Chapter's Green Gala to feature Jason McLennan as keynote speaker
Chapter to presents inaugural Sustainable Innovation Awards,
| Oct 17, 2011
Schneider Electric introduces UL924 emergency lighting control devices
The emergency lighting control devices require fewer maintenance costs and testing requirements than backup batteries because they comply with the UL924 standard, reducing installation time.
| Oct 14, 2011
AISC develops new interoperability strategy to move construction industry forward
AISC is working to bring that vision to reality by developing a three-step interoperability strategy to evaluate data exchanges and integrate structural steel information into buildingSMART's Industry Foundation Classes.
| Oct 14, 2011
University of New Mexico Science & Math Learning Center attains LEED for Schools Gold
Van H. Gilbert architects enhances sustainability credentials.
| Oct 14, 2011
BD+C Survey on Building Information Modeling: The Good, the Bad, and the Solutions
In a recent survey conducted by Building Design+Construction, more than 75% of respondents indicated they currently use BIM or plan to use it. Respondents were also asked to comment on their experiences with BIM, what they liked and disliked about BIM, and what BIM-related advice they would give to their peers.
| Oct 14, 2011
ACI partners with CRSI to launch new adhesive anchor certification program
Adhesive anchor installer certification required in new ACI 318-11.
| Oct 14, 2011
Midwest construction firms merge as Black and Dew
Merger is aimed at increasing market sector capabilities and building on communication and core contracting competencies.
