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 May’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. 

“Ongoing project activity at architecture firms as well as new work coming online remains strong, pushing project backlogs up to seven months on average nationally,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “In 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.”

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 | Sep 10, 2019

Apartment buildings and their residents contribute $3.4 trillion to the national economy

New data show how different aspects of the apartment industry positively impact national, state and local economies.

Market Data | Sep 3, 2019

Nonresidential construction spending slips in July 2019, but still surpasses $776 billion

Construction spending declined 0.3% in July, totaling $776 billion on a seasonally adjusted annualized basis.

Industry Research | Aug 29, 2019

Construction firms expect labor shortages to worsen over the next year

A new AGC-Autodesk survey finds more companies turning to technology to support their jobsites.

Market Data | Aug 21, 2019

Architecture Billings Index continues its streak of soft readings

Decline in new design contracts suggests volatility in design activity to persist.

Market Data | Aug 19, 2019

Multifamily market sustains positive cycle

Year-over-year growth tops 3% for 13th month. Will the economy stifle momentum?

Market Data | Aug 16, 2019

Students say unclean restrooms impact their perception of the school

The findings are part of Bradley Corporation’s Healthy Hand Washing Survey.

Market Data | Aug 12, 2019

Mid-year economic outlook for nonresidential construction: Expansion continues, but vulnerabilities pile up

Emerging weakness in business investment has been hinting at softening outlays.

Market Data | Aug 7, 2019

National office vacancy holds steady at 9.7% in slowing but disciplined market

Average asking rental rate posts 4.2% annual growth.

Market Data | Aug 1, 2019

Nonresidential construction spending slows in June, remains elevated

Among the 16 nonresidential construction spending categories tracked by the Census Bureau, seven experienced increases in monthly spending.

Market Data | Jul 31, 2019

For the second quarter of 2019, the U.S. hotel construction pipeline continued its year-over-year growth spurt

The growth spurt continued even as business investment declined for the first time since 2016.

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

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers. 

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