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
Architects | Jan 13, 2016
‘Socially engaged’ architect Alejandro Aravena named 2016 Pritzker Architecture Prize Laureate
Known for his inventive social housing initiatives in his native Chile, Aravena epitomizes the revival of a more socially engaged architect, the Pritzker jury stated.
Architects | Jan 12, 2016
Dear Architecture: It's time to create a level field for female designers
If architecture took one moment to be introspective, it would discover appalling imbalances between the opportunities for women and men, as Perkins+Will's Vershaé Hite and Brittany Eaker-Kirkland wrote in an open letter.
Great Solutions | Jan 6, 2016
Shepley Bulfinch develops elegant design solution to address behavioral issues in emergency departments
ED scheme allows staff to isolate unruly patients and visitors in a secure area.
Market Data | Jan 5, 2016
Majority of AEC firms saw growth in 2015, remain optimistic for 2016: BD+C survey
By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.
Architects | Jan 5, 2016
Potential vs. credential: How men and women differ in career progress
Recent research suggests that women face yet another career impediment: the confidence gap.
Architects | Dec 17, 2015
Capturing utilization and activity data in the workplace
While utilization is an important metric to inform how frequently a space is used, it’s important to consider activity data.
Architects | Dec 17, 2015
Four winners named in NYC sidewalk shed competition
Firms in the Construction Shed Design Competition made designs that are simple to build and use readily-available materials.
Architects | Dec 16, 2015
Lohan Anderson to close, join Wight & Co.
Dirk Lohan, Floyd Anderson and eight others will be hired by the Illinois-based Wight & Co. next month.
Architects | Dec 16, 2015
Architects create commission for diversity advancement
The 20-member group will assess recent data, set a plan of action, and report on results to the AIA Board of Directors.
Architects | Dec 15, 2015
ULI names Lord Richard Rogers the 2015 J.C. Nichols Prize winner
Rogers, Founder of Rogers Stirk Harbour + Partners, works on projects that “shine a spotlight on the challenges that people in urban areas are facing."
