The US Architecture Billings Index (ABI) reached 55.8 in July - its highest level since 2007. The score reflects what has been a steadily increasing demand for design services over the past three months, the American Institute of Architects (AIA) reports. The AIA’s new projects inquiry and design contracts indexes were also strong at 66 and 54.9, respectively.
“Business conditions for the design and construction marketplace, and those industries associated with it, appear to be well-positioned for continued growth in the coming months,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “The key to a more widespread boost in design activity continues to be the institutional sector which is starting to exhibit signs of life after languishing for the better part of the last five-plus years.”
A breakdown of regional highlights, after the break…