While still below pre-recession levels, all of the key indicators in the latest Quarterly Market Forecast (QMF) report from PSMJ Resources, Inc. (PSMJ) remain in positive territory. This is a clear signal of continued optimism by architecture and engineering (A/E) firm leaders as we approach the finish line for 2013 and begin contemplating what is in store for 2014.
Unlike any other A/E industry outlook, PSMJ’s QMF survey examines market activity on proposal and backlog activity as well as current quarterly and projected quarterly revenues. This format allows for a comprehensive understanding of how proposal activity is translating into backlog and how backlog is translating into revenue.
All four of the key indicators (proposal activity, backlog activity, current quarter revenues, and projected quarter revenues) remain positive in PSMJ’s Net Plus/Minus Index. A major change from the depths of 2007 through 2009, this important data tells us that more A/E firm leaders are optimistic about what the future holds.
Drilling into the specific client markets, the QMF shows some of the biggest gains in sentiment in the housing market. “Housing is posting continued good results compared to the past three years,” stated PSMJ’s Director of Research William Fanning. “We have seen gains in multifamily and senior and assisted living for several quarters, but now we are beginning to see respectable gains as well in the single-family subdivision market – a market that has been in a deep depression for the past few years.”
Since 2003, PSMJ’s QMF has surveyed A/E firm leaders on a quarterly basis regarding what they are seeing in 12 major client markets as well as more than 50 specific submarkets.
To learn more about PSMJ’s QMF or to participate in the next survey, visit www.psmj.com or click here to be taken directly to the QMF information page. Subscribers to PSMJ’s monthly professional journals (Professional Services Management Journal, A/E Marketing Journal, and Project Management) receive the full QMF report each quarter. Non-subscribers can also purchase the report on PSMJ’s website.
About PSMJ
Established more than 35 years ago, PSMJ Resources, Inc. has grown to become the world’s leading authority, publisher, and consultant on the effective management of architecture, engineering, and construction firms. With offices in the United States as well as the United Kingdom and Australia, PSMJ offers over 150 titles in book, audio, and video format. In addition, the company publishes several monthly periodicals and delivers dozens of seminars, roundtables, conferences, webinars, and in-house training sessions every year for A/E professionals around the world. PSMJ’s sought-after consulting expertise covers a range of critical business areas such as strategic planning, project management, valuation, succession planning, and mergers & acquisitions.
Related Stories
Giants 400 | Nov 20, 2021
2021 Parking Structure Giants: Top architecture, engineering, and construction firms in the U.S. parking structure sector
PGAL, PCL Construction, and Wiss, Janney, Elstner Associates top BD+C's rankings of the nation's largest parking structure sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 20, 2021
Top 100 Design-Build Construction Firms for 2021
Clayco, Hensel Phelps, ARCO Construction Companies, Swinerton, and Ryan Companies US top the rankings of the nation's largest design-build construction firms for buildings construction work, according to BD+C's 2021 Giants 400 Report.
Giants 400 | Nov 19, 2021
2021 Cultural Facilities Giants: Top architecture, engineering, and construction firms in the U.S. cultural facilities sector
Gensler, AECOM, Buro Happold, and Arup top BD+C's rankings of the nation's largest cultural facilities sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 19, 2021
2021 Convention Center Sector Giants: Top architecture, engineering, and construction firms in the U.S. convention and conference facilities sector
Populous, KPFF, Lendlease, and Turner Construction top BD+C's rankings of the nation's largest convention and conference facilities architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Giants 400 | Nov 18, 2021
2021 Multifamily Sector Giants: Top architecture, engineering, and construction firms in the U.S. multifamily building sector
Clark Group, Humphreys and Partners, and Kimley-Horn head BD+C's rankings of the nation's largest multifamily building sector architecture, engineering, and construction firms, as reported in the 2021 Giants 400 Report.
Laboratories | Nov 18, 2021
Tapping into the life sciences building boom
Paul Ferro of Form4 Architecture discusses how developers are pivoting to the life sciences sector, and what that means for construction and adaptive reuse.
2021 Building Team Awards | Nov 17, 2021
Caltech's new neuroscience building unites scientists, engineers to master the human brain
The Tianqiao and Chrissy Chen Institute for Neuroscience at the California Institute of Technology in Pasadena wins a Gold Award in BD+C's 2021 Building Team Awards.
K-12 Schools | Nov 10, 2021
K-12 school design innovation: 'Learning Everywhere' and the mobile classroom
Last September, AIA San Francisco awarded the Professional Category in its 2021 Future Classroom Competition to a five-person team from Culver City, Calif.-based Berliner Architects. The firm was selected for its “Learning Everywhere” idea that features a mobile strategy for education at school, home, on field trips, and in transit. BD+C's John Caulfield discuss that concept with Richard Berliner, AIA, Principal, Berliner Architects.
Architects | Nov 9, 2021
Download BD+C’s 2021 Design Innovation Report
AEC and development firms share where new ideas come from, and what makes them click.
Architects | Nov 9, 2021
Download BD+C’s 10 Predictions for the Construction Industry in 2022
Our prognostications focus on how AEC firms will streamline and modernize their projects and operations.
