Demand for design services from architecture firms began to stabilize in June, following their peak declines in April, according to a new report today from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for June was 40.0 compared to 32.0 in May. The May ABI score indicates that a significant share of architecture firms still saw their billings decline from May to June, however the share reporting declines slowed significantly. Index scores for new project inquiries and new design contracts also showed signs of stabilizing, posting scores of 49.3 and 44.0 respectively.
“While business conditions remained soft at firms across the country, those with a multifamily residential specialization saw the most positive signs,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Unfortunately, conditions at firms with a commercial/industrial specialization are likely to remain weak for an extended period of time, until hospitality, office and retail facilities can fully reopen, and design demand for this space begins to increase.”
Key ABI figures for June include:
• Regional averages: Midwest (36.8); West (36.8); South (35.9); Northeast (34.2)
• Sector index breakdown: multi-family residential (44.7); institutional (38.9); mixed practice (35.3); commercial/industrial (30.1)
• Project inquiries index: 49.3
• Design contracts index: 44.0
The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
Related Stories
| Jul 1, 2014
Dept. of Labor reaches settlement for $5 million in back wages for workers on federally assisted project
The U.S. Department of Labor and MDG Design & Construction LLC have reached a settlement over wage violations at the federally-assisted 26-story Grand Street Guild rehab project in New York City’s Lower East Side.
| Jul 1, 2014
GSA, Homeland Security research leads to performance-based design guide
The National Performance Based Design Guide, based on research and development supported by the Science & Technology Directorate of the Department of Homeland Security and the Public Buildings Service of the General Services Administration, is now available.
| Jul 1, 2014
FEMA grant helps fund school theater that will double as tornado safe room
Scott City School District in Missouri recently broke ground on an 8,990-sf performing arts theater that will also function as a tornado safe room.
| Jun 30, 2014
Research finds continued growth of design-build throughout United States
New research findings indicate that for the first time more than half of projects above $10 million are being completed through design-build project delivery.
| Jun 26, 2014
Canadian groups combine forces to support EPD program for LEED v4
The Canadian Standards Association (CSA) Group and the Canada Green Building Council (CaGBC) will collaborate to support LEED v4 and CSA Group’s Environmental Product Declaration (EPD) program.
| Jun 26, 2014
Ohio is first state to roll back renewable energy standards
Ohio became the nation’s first state to roll back renewable energy standards after the state House of Representatives passed Senate Bill 310 and Gov. John Kasich recently signed the measure.
| Jun 26, 2014
Walkable areas lead to higher rents for developers
New research from a George Washington University research group and LOCUS, a coalition of real estate investors that's part of Smart Growth America,says that offices in “Walkable Urban Places (WalkUPs)” bring developers 74% more rent per square foot.
| Jun 18, 2014
ASHRAE publishes guideline on specifying Building Automation Systems
Performance monitoring guidance is a key feature of the document. It provides designers of BAS systems with recommendations for good practice, project considerations, and detailed discussion of design options.
| Jun 18, 2014
Battle over low-cost, Chinese-made solar equipment could stunt solar power growth
The U.S. Department of Commerce tentatively agreed to assess tariffs of up to 35% on solar equipment, a move that could slow the rapid growth of the domestic solar power industry.
| Jun 18, 2014
Senate passes ‘compromise’ bill that green lights 26 new VA hospitals, clinics
The U.S. Senate reached a compromise deal combining elements of two competing Veterans Administration reform bills that would, among other things, gives the go-ahead for the construction of 26 new VA hospitals and clinics.
