flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Architecture Billings Index continues to stabilize but remains healthy

Market Data

Architecture Billings Index continues to stabilize but remains healthy

Architecture firms reported increasing demand for design services in June, according to a new report today from The American Institute of Architects (AIA).


By AIA | July 21, 2022
Construction Design Services
Courtesy Pixabay.

Architecture firms reported increasing demand for design services in June, according to a new report today from The American Institute of Architects (AIA).

The ABI score for June was 53.2. While this score is down slightly from Mayā€™s score of 53.5, it still indicates moderately strong business conditions overall (any score above 50 indicates an increase in billings from the prior month). Also in June, both the new project inquiries and design contracts indexes moderated from May but continued to show growth, posting scores of 58.2 and 52.2 respectively.Ā 

ā€œOngoing project activity at architecture firms as well as new work coming online remains strong, pushing project backlogs up to seven months on average nationally,ā€ said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. ā€œIn spite of heavy workloads, employment at architecture firms has stabilized, suggesting that adding new employees is becoming even more challenging as the building construction sector continues to recover.ā€

Key ABI highlights for June include:

  • Regional averages: West (57.8); Midwest (54.8); South (51.5); Northeast (48.7)
  • Sector index breakdown: institutional (53.5); mixed practice (52.8); multi-family residential (52.6); commercial/industrial (52.5)

Related Stories

Market Data | Feb 2, 2022

Construction spending increased in December for the month and the year

Nonresidential and public construction lagged residential sector.

Market Data | Jan 31, 2022

Canada's hotel construction pipeline ends 2021 with 262 projects and 35,325 rooms

At the close of 2021, projects under construction stand at 62 projects/8,100 rooms.

Market Data | Jan 27, 2022

Record high counts for franchise companies in the early planning stage at the end of Q4'21

Through year-end 2021, Marriott, Hilton, and IHG branded hotels represented 585 new hotel openings with 73,415 rooms.

Market Data | Jan 27, 2022

Dallas leads as the top market by project count in the U.S. hotel construction pipeline at year-end 2021

The market with the greatest number of projects already in the ground, at the end of the fourth quarter, is New York with 90 projects/14,513 rooms.

Market Data | Jan 26, 2022

2022 construction forecast: Healthcare, retail, industrial sectors to lead ā€˜healthy reboundā€™ for nonresidential construction

A panel of construction industry economists forecasts 5.4 percent growth for the nonresidential building sector in 2022, and a 6.1 percent bump in 2023.

Market Data | Jan 24, 2022

U.S. hotel construction pipeline stands at 4,814 projects/581,953 rooms at year-end 2021

Projects scheduled to start construction in the next 12 months stand at 1,821 projects/210,890 rooms at the end of the fourth quarter.

Market Data | Jan 19, 2022

Architecture firms end 2021 on a strong note

Decemberā€™s Architectural Billings Index (ABI) score of 52.0 was an increase from 51.0 in November.

Market Data | Jan 13, 2022

Materials prices soar 20% in 2021 despite moderating in December

Most contractors in association survey list costs as top concern in 2022.

Market Data | Jan 12, 2022

Construction firms forsee growing demand for most types of projects

Seventy-four percent of firms plan to hire in 2022 despite supply-chain and labor challenges.

Market Data | Jan 7, 2022

Construction adds 22,000 jobs in December

Jobless rate falls to 5% as ongoing nonresidential recovery offsets rare dip in residential total.

boombox1
boombox2
native1

More In Category


Contractors

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.



Construction Costs

Data center construction costs for 2024

Gordianā€™s data features more than 100 building models, includingĀ computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for futureĀ builds. This table shows a five-year view of costs per square footĀ forĀ one-story computer data centers.Ā 

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021

Ā