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 | Mar 6, 2019

Global hotel construction pipeline hits record high at 2018 year-end

There are a record-high 6,352 hotel projects and 1.17 million rooms currently under construction worldwide.

Market Data | Feb 28, 2019

U.S. economic growth softens in final quarter of 2018

Year-over-year GDP growth was 3.1%, while average growth for 2018 was 2.9%.

Market Data | Feb 20, 2019

Strong start to 2019 for architecture billings

“The government shutdown affected architecture firms, but doesn’t appear to have created a slowdown in the profession,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD, in the latest ABI report.

Market Data | Feb 19, 2019

ABC Construction Backlog Indicator steady in Q4 2018

CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 months throughout all four quarters of last year.

Market Data | Feb 14, 2019

U.S. Green Building Council announces top 10 countries and regions for LEED green building

The list ranks countries and regions in terms of cumulative LEED-certified gross square meters as of December 31, 2018.

Market Data | Feb 13, 2019

Increasingly tech-enabled construction industry powers forward despite volatility

Construction industry momentum to carry through first half of 2019.

Market Data | Feb 4, 2019

U.S. Green Building Council announces annual Top 10 States for LEED Green Building in 2018

Illinois takes the top spot as USGBC defines the next generation of green building with LEED v4.1.

Market Data | Feb 4, 2019

Nonresidential construction spending dips in November

Total nonresidential spending stood at $751.5 billion on a seasonally adjusted annualized rate.

Market Data | Feb 1, 2019

The year-end U.S. hotel construction pipeline continues steady growth trend

Project counts in the early planning stage continue to rise reaching an all-time high of 1,723 projects/199,326 rooms.

Market Data | Feb 1, 2019

Construction spending is projected to increase by more than 11% through 2022

FMI’s annual outlook also expects the industry’s frantic M&A activity to be leavened by caution going forward.

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