flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Architecture billings remain in negative territory, begin to stabilize

Codes and Standards

Architecture billings remain in negative territory, begin to stabilize

Fewer architecture firms report declining billings this month.


By AIA | July 22, 2020

Courtesy Pixabay

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

Sponsored | Resiliency | Jan 24, 2022

Norshield Products Fortify Critical NYC Infrastructure

New York City has two very large buildings dedicated to answering the 911 calls of its five boroughs. With more than 11 million emergency calls annually, it makes perfect sense. The second of these buildings, the Public Safety Answering Center II (PSAC II) is located on a nine-acre parcel of land in the Bronx. It’s an imposing 450,000 square-foot structure—a 240-foot-wide by 240-foot-tall cube. The gleaming aluminum cube risesthe equivalent of 24 stories from behind a grassy berm, projecting the unlikely impression that it might actually be floating. Like most visually striking structures, the building has drawn as much scorn as it has admiration. 

Codes and Standards | Jan 24, 2022

N.Y. governor calls for ban on natural gas in new buildings

Action follows New York City’s ban.

Codes and Standards | Jan 19, 2022

EPA may expand product lineup that can earn WaterSense label

Would include systems that enhance water quality at the tap.

Codes and Standards | Jan 19, 2022

Canada’s Trudeau seeking building codes changes, net-zero emissions building strategy

Prime minister also wants net-zero electricity grid by 2035.

Codes and Standards | Jan 18, 2022

Greater emphasis on building materials needed to achieve net-zero carbon offices

Engineered wood, straw, and bamboo can be keys to achieving goal.

Codes and Standards | Jan 17, 2022

AISC seeks comments on draft earthquake standard for steel buildings

Includes new limits for cross-sectional slenderness of steel columns based on latest research.

Codes and Standards | Jan 12, 2022

California’s wildfire building code significantly reduces structural loss

As other states consider upgrading their codes, Golden State provides useful model.

Codes and Standards | Jan 12, 2022

Regulator holding back climate-friendly, energy-saving equipment deployment, critics say

Heat pumps, solar power could be made more accessible for low-income communities in Massachusetts.

Codes and Standards | Jan 11, 2022

Cost hikes drive nearly one million renters out of homeownership qualification in 2021

Household income needed to pay a mortgage rose to $62,872 from $55,186.

boombox1
boombox2
native1

More In Category




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