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
| Jun 7, 2013
First look: University of Utah's ‘teaching hospital for law’
The University of Utah broke ground on its cutting-edge College of Law building, which will facilitate new approaches to legal education based on more hands-on learning and skills training.
| Jun 7, 2013
First look: Austin breaks ground on 'light-filled' Central Library
The design scheme by Lake|Flato and Shepley Bulfinch incorporates reading "porches" and a light-filled, six-story atrium.
| Jun 5, 2013
Survey of AE firms shows profits, hiring on the rise
A recent survey of more than 40 Boston-area architecture and engineering companies by consulting firm DiCicco, Gulman & Company confirms continued growth in business volume.
| Jun 5, 2013
USGBC: Free LEED certification for projects in new markets
In an effort to accelerate sustainable development around the world, the U.S. Green Building Council is offering free LEED certification to the first projects to certify in the 112 countries where LEED has yet to take root.
| Jun 4, 2013
SOM research project examines viability of timber-framed skyscraper
In a report released today, Skidmore, Owings & Merrill discussed the results of the Timber Tower Research Project: an examination of whether a viable 400-ft, 42-story building could be created with timber framing. The structural type could reduce the carbon footprint of tall buildings by up to 75%.
| Jun 4, 2013
Notification reinvented: SimplexGrinnell introduces revolutionary family of intelligent notification appliances
Simplex TrueAlert ES uses addressable technology to improve protection, simplify installation and reduce operating costs.
| Jun 3, 2013
6 residential projects named 'best in housing design' by AIA
The Via Verde mixed-use development in Bronx, N.Y., and a student housing complex in Seattle are among the winners of AIA's 2013 Housing Awards.
| Jun 3, 2013
Trifecta of awards recognize Vision/Rubenstein campus, Bayer Healthcare HQ
When Vision Equities, LLC and Rubenstein Partners purchased the 200-acre former Alcatel-Lucent campus in Whippany a little more than two years ago, the partnership recognized the property’s potential to serve as a benchmark infill revitalization for the State of New Jersey.
| May 31, 2013
Nation's first retrofitted zero-energy building opens in California
The new training facility for IBEW/NECA is the first commercial building retrofit designed to meet the U.S. Department of Energy’s requirements for a net-zero energy building.
| May 30, 2013
The Make It Right squabble: ‘How many trees did you plant today?’
A debate has been raging in the blogosphere over the last few months about an article in The New Republic, “If You Build It, They Might Not Come,” in which staff writer Lydia DePillis took Brad Pitt’s Make It Right Foundation to task for botching its effort to revitalize the Lower Ninth Ward of New Orleans.