The commercial sector continues to lead the Architecture Billings Index (ABI) which has remained in positive territory for the fifth consecutive month. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.
The AIA reported the March ABI score was 50.4, following a mark of 51.0 in February. This score reflects a slight increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 56.6, down from mark of 63.4 the previous month.
“We are starting to hear more about improving conditions in the marketplace, with a greater sense of optimism that there will be greater demand for design services,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “But that is not across the board and there are still a number of architecture firms struggling so progress is likely to be measured in inches rather than miles for the next few months.”Â
Key March ABI highlights:
- Regional averages: Midwest (54.1), Northeast (53.9), South (50.1), West (46.6)
- Sector index breakdown: commercial / industrial (56.0), multi-family residential (51.9),institutional (47.7), mixed practice (47.2)
- Project inquiries index: 56.6
The regional and sector categories are calculated as a three-month moving average, whereas the index and inquiries are monthly numbers. BD+C
Related Stories
Architects | Aug 4, 2015
Frank Lloyd Wright School of Architecture closer to independent incorporation
The school is halfway to its first fundraising milestone, but is facing a major deadline at end of this month.
Industrial Facilities | Aug 3, 2015
Architect Jacques Rougerie envisions floating city to function as roving laboratory
The manta ray-shaped vessel will be completely self-sustaining, run on marine energy, and produce no waste.Â
Cultural Facilities | Aug 3, 2015
Funding needed for Washington's Desert Storm memorial
 The National Desert Storm Memorial Foundation has a $25 million goal for the project.
Sports and Recreational Facilities | Jul 31, 2015
Zaha Hadid responds to Tokyo Olympic Stadium controversy
“Our warning was not heeded that selecting contractors too early in a heated construction market and without sufficient competition would lead to an overly high estimate of the cost of construction,” said Zaha Hadid in a statement.
Architects | Jul 30, 2015
The Lego Architect: Book offers simple how-to steps for recreating iconic buildings with Legos
The book features famous buildings accompanied with a photograph and drawing of the Lego model of the building, and a list of all the Lego pieces needed to complete a model of the building. Â
Transit Facilities | Jul 30, 2015
Snøhetta designs ring-shaped cable car station in Italian Alps
In Snøhetta’s design, two cylindrical rings embedded into the existing topography, each at different elevations, will be connected by a cable car. During the minute-long cable car journey, passengers can enjoy views of the city and of the Italian Alps.
Office Buildings | Jul 29, 2015
Design plans for Fannie Mae’s new HQ revealed
The developer/owner, Carr Properties, envisions a 1-million-sf plus mixed-use center with a large retail pavilion.
Sports and Recreational Facilities | Jul 29, 2015
Milwaukee Bucks arena deal approved by Wisconsin state assembly
Created by Milwaukee firm Eppstein Uhen Architects and global firm Populous, the venue will be built in downtown Milwaukee. Its design draws inspiration from both Lake Michigan, which borders Milwaukee, and from aspects of basketball, like high-arcing free throws.
Contractors | Jul 29, 2015
Consensus Construction Forecast: Double-digit growth expected for commercial sector in 2015, 2016
Despite the adverse weather conditions that curtailed design and construction activity in the first quarter of the year, the overall construction market has performed extremely well to date, according to AIA's latest Consensus Construction Forecast.
University Buildings | Jul 28, 2015
OMA designs terraced sports center for UK's Brighton College
Designs for what will be the biggest construction project in the school’s 170-year history feature a rectangular building at the edge of the school’s playing field. A running track is planned for the building’s roof, while sports facilities will be kept underneath.