ABI Reports Strong Conditions in US Market

August , 2013 via Calculated Risk

The (ABI) has revealed more acceleration in the growth of design activity nationally. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August ABI score was 53.8, up from a mark of 52.7 in July. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 63.0, down from the reading of 66.4 the previous month.

“It is fair to say that the design professions are in a recovery mode,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA.  “…but a key component to maintaining this momentum is the ability of businesses to obtain financing for real estate projects, and for a resolution to the federal government budget and debt ceiling impasse.”

Key August ABI highlights:

  • Regional averages: West (54.8), Northeast (54.4), Midwest (52.8), South (51.9)
  • Sector Index Breakdown: Mixed Practice (60.1), Commercial / Industrial (54.8), Multi-family Residential (52.1), Institutional (50.8)
  • Project Inquiries Index: 63.0

Reference: AIA, Calculated Risk

Cite: Rosenfield, Karissa. "ABI Reports Strong Conditions in US Market" 18 Sep 2013. ArchDaily. Accessed 27 Nov 2014. <http://www.archdaily.com/?p=430431>
  • Reinaldot

    Imagine how much stronger it would be if Obana wouldn’t be in office? That’s the question we as architects should be asking. With the distressed properties nation wide, architects should have so much work we wouldn’t know what to do with our selves

  • http://my-forex.yolasite.com Croco Dile

    In US everyone working around the construction industry and real estate financing should look for another career NOW.
    Why ?
    Because of the rising interest rates !
    Very soon this will bankrupt those who still managed to keep their houses.
    The Mainstreem Media propaganda about a recovery is just propaganda.
    It’s over, folks !

  • http://my-forex.yolasite.com Croco Dile

    In US everyone working around the construction industry and real estate financing should look for another career NOW.
    Why ?
    Because of the rising interest rates !
    Very soon this will bankrupt those who still managed to keep their houses.
    The Mainstream Media propaganda about a recovery is just propaganda.
    It’s over, folks !