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

Contractors | Sep 19, 2017

Commercial Construction Index finds high optimism in U.S. commercial construction industry

Hurricane recovery efforts expected to heighten concerns about labor scarcities in the south, where two-thirds of contractors already face worker shortages.

Multifamily Housing | Sep 15, 2017

Hurricane Harvey damaged fewer apartments in greater Houston than estimated

As of Sept. 14, 166 properties reported damage to 8,956 units, about 1.4% of the total supply of apartments, according to ApartmentData.com.

Hotel Facilities | Sep 6, 2017

Marriott has the largest construction pipeline of any franchise company in the U.S.

Marriott has the most rooms currently under construction with 482 Projects/67,434 Rooms.

Market Data | Aug 29, 2017

Hidden opportunities emerge from construction industry challenges

JLL’s latest construction report shows stability ahead with tech and innovation leading the way.

Market Data | Aug 28, 2017

U.S. hotel construction pipeline is up 7% year-over-year

For the economy, the rate of growth may be low but it’s running on all cylinders.

Market Data | Aug 23, 2017

Architecture Billings Index growth moderates

“The July figures show the continuation of healthy trends in the construction sector of our economy,” said AIA Chief Economist, Kermit Baker.

Architects | Aug 21, 2017

AIA: Architectural salaries exceed gains in the broader economy

AIA’s latest compensation report finds average compensation for staff positions up 2.8% from early 2015.

Market Data | Aug 20, 2017

Some suburban office markets are holding their own against corporate exodus to cities

An analysis of mortgage-backed loans suggests that demand remains relatively steady.

Market Data | Aug 17, 2017

Marcum Commercial Construction Index reports second quarter spending increase in commercial and office construction

Spending in all 12 of the remaining nonresidential construction subsectors retreated on both an annualized and monthly basis.

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