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
| Sep 29, 2011
CEU series examines environmental footprint and performance properties of wood, concrete, and steel
Each course qualifies for one AIA/CES HSW/SD Learning Unit or One GBCI CE Hour.
| Sep 29, 2011
Kohler supports 2011 Solar Decathlon competition teams
Modular Architecture > In a quest to create the ultimate ‘green’ house, 20 collegiate teams compete in Washington D.C. Mall.
| Sep 29, 2011
AIA Dallas names new executive director
AIA Dallas one of only a few chapters in the U.S. to be led by an accomplished architect.
| Sep 29, 2011
Potter honored with SMSP honor
The Society for Marketing Professional Services (SMPS) recognized Alfred K. Potter II, FSMPS, senior vice president with Gilbane Building Co., with the 2011 Weld Coxe Marketing Achievement Award (MAA).
| Sep 28, 2011
Look who's coming to BD+C's Under-40 Leadership Summit
AEC industry "under-40 superstars" from top design and construction firms have signed up for BD+C's "Under-40 Leadership Summit."
| Sep 28, 2011
GBCI announces LEED fellow class of 2011
LEED Fellows represent green building industry's most accomplished professionals.
| Sep 28, 2011
Bradley sponsors design studio on intelligent buildings for UWM SARUP
The studio is taught by Gregory D. Thomson, assistant professor and co-director of the Institute for Ecological Design at UWM.
