Architectural firms are steadily reviving projects that were put on hold during the last economic downturn.
About three quarters of the estimated 700 firms that serve as panelists on AIA’s Architectural Billings Index (ABI) had delayed or canceled major design projects in response to recessionary pressures. Nearly one-third of those firms now say they have since restarted stalled projects.
Mixed-use projects were the most likely to receive new life. But only 26% of the panelists surveyed say they’ve restarted residential projects.
AIA says that the loosening of construction credit and a general improvement in the industry’s outlook on the economy continue to drive billings and construction spending. The ABI in August stood at 53.0, lower than the 53.6 score of August 2013 or the 55.8 in July 2014. AIA notes, however, that any ABI score above 50 indicates growth.
August billings were stronger than the national index in the Northeast and South, and for multifamily residential and mixed-practice projects.
Related Stories
| Sep 23, 2011
Fire and hurricane rated glazed wall assemblies installed at multi-family residence in Florida
Fire and hurricane assemblies meet design and code requirements.
| Sep 23, 2011
ABI turns positive after four monthly declines
On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August.
| Sep 23, 2011
Under 40 Leadership Summit
Building Design+Construction’s Under 40 Leadership Summit takes place October 26-28, 2011 Hotel at the Monteleone in New Orleans. Discounted hotel rate deadline: October 2, 2011.
| Sep 20, 2011
Jeanne Gang wins MacArthur Fellowship
Jeanne Gang, a 2011 MacArthur Fellowship winner described by the foundation as "an architect challenging the aesthetic and technical possibilities of the art form in a wide range of structures."
| Sep 20, 2011
Francis Cauffman wins two IDA design awards
The PA/NJ/DE Chapter of the International Interior Design Association (IIDA) has presented the Francis Cauffman architecture firm with two awards: the Best Interior Design of 2011 for the W. L. Gore offices in Elkton, MD, and the President’s Choice Award for St. Joseph’s Regional Medical Center in Paterson, NJ.
| Sep 20, 2011
PPG, Pleotint to co-market environmentally adaptive glazing technology with low-e glass
Laminated between two lites of glass, SRT interlayer may be used monolithically or within an insulating glass unit.
| Sep 19, 2011
Portland team hired as LEED and commissioning consultants for $5.5B downtown sustainable project in Qatar
The $5.5 billion sustainable downtown regeneration project underway by Msheireb Properties will transform a 76 acres site at the centre of Doha, Qatar’s capital city, recreating a way of living that is rooted in Qatari culture, attracting residents back to the city center and reversing the trend for decentralization.
| Sep 16, 2011
Chicago Architecture Foundation partners with seven renowned architects to re-imagine Chicago neighborhoods
Design on the Edge presents plans created by seven teams of nine Chicago-based architects to reimagine seven of the city’s neighborhoods to encourage street life, retail districts and dense housing around the existing “L” transit system.
| Sep 14, 2011
USGBC L.A. Chapter's Green Gala features Jason McLennan as keynote speaker
The Los Angeles Chapter of the nonprofit USGBC will launch its Sustainable Innovation Awards this year during the chapter's 7th Annual Green Gala on Thursday, November 3.
