The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings.
The American Institute of Architects (AIA) reported the December ABI score was 52.9, down from a score of 55.0 in the previous month. This score still reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings).
The new projects inquiry index was 61.9, up from a reading of 61.1 the previous month, while the new design contracts index decreased slightly from 53.2 to 52.7.
“Overall, 2017 turned out to be a strong year for architecture firms,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “All but two months saw ABI scores in positive territory. Additionally, the overall strength of the fourth quarter lays a good foundation for healthy growth in construction activity in 2018.”
Key December ABI highlights:
• Regional averages: South (56.3), West (53.0), Midwest (52.9), Northeast (49.4)
• Sector index breakdown: multi-family residential (55.4), commercial / industrial (54.8), institutional (51.2), mixed practice (50.4)
• Project inquiries index: 61.9
• Design contracts index: 53.2
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
Architects | Oct 4, 2016
Video blog: How to future-proof your workplace
Larry Lander, a Principal with PDR and a registered architect, discusses how modularity can improve a workplace for the business and the individual.
Architects | Sep 30, 2016
Ugly soviet parking garage takes on appearance of a cascading waterfall
Architect Ignas Lukaskas worked in conjunction with Vieta and the Vilnius Street Art festival to transform the building.
Architects | Sep 30, 2016
HOK partners with Delos to accredit its designers as wellness professionals
They are also working on the first WELL-certified city district, in Tampa, Fla.
Architects | Sep 29, 2016
Join Adrian Smith + Gordon Gill Architecture’s partners Adrian Smith, Gordon Gill, and Robert Forest for “AS+GG At Ten”
The event is a presentation of their work spanning the past 10 years.
Architects | Sep 29, 2016
Design culture in Dubai draws increased international attention
Innovation and sustainability drive an increasingly global design culture in Dubai.
Architects | Sep 29, 2016
Space architecture is making the leap from science fiction to reality
3D printed domes and inflatable living spaces are just some of the ideas for how to create habitable spaces on Martian planets.
Reconstruction & Renovation | Sep 28, 2016
Architecture conservation efforts begin at Salk Institute of Biological Studies
Getty-led research and funding leads to important site repairs and long-term conservation management planning.
| Sep 26, 2016
RELIGIOUS FACILITY GIANTS: A ranking of the nation’s top religious sector design and construction firms
Gensler, Leo A Daly, Brasfield & Gorrie, Layton Construction, and AECOM top Building Design+Construction’s annual ranking of the nation’s largest religious facility AEC firms, as reported in the 2016 Giants 300 Report.
Architects | Sep 26, 2016
Explore the world through architectural adventures
A new travel program offers design enthusiast travelers 10 global destinations.
Architects | Sep 21, 2016
DLR Group broadens its practice range and market penetration with addition of Westlake Reed Leskosky
The merger, say company officials, creates “a global design leader” in a consolidating industry.
