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Architecture Billings Index Moderates Slightly, Yet Remains Positive

16:00 - 21 August, 2016
Architecture Billings Index Moderates Slightly, Yet Remains Positive, via The American Institute of Architects (AIA)
via The American Institute of Architects (AIA)

The American Institute of Architects (AIA) has reported that the Architecture Billings Index (ABI) has remained positive in July for the sixth consecutive month, and tenth out of the last twelve months as demand across all project types has continued to increase. The July ABI score was 51.5, down from 52.6 in June, but nonetheless still reflects an increase in design services, as any score above 50 indicates an increase in billings. The new projects inquiry index was 57.5, down from a mark of 58.6 the previous month.

Architecture Billings Index Remains on Solid Footing

14:00 - 24 July, 2016
Architecture Billings Index Remains on Solid Footing , via The American Institute of Architects (AIA)
via The American Institute of Architects (AIA)

The American Institute of Architects (AIA) has reported that the Architecture Billings Index (ABI) was positive in June for the fifth consecutive month. The June ABI score was 52.6, down from 53.1 the previous month, but still reflects an increase in design services, as any score above 50 indicates an increase in billings. The new projects inquiry index was 58.6, down from 60.1 the previous month.

“Demand for residential projects has surged this year, greatly exceeding the pace set in 2015. This suggests strong future growth for housing in the coming year,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “While we expect to see a momentum continue for the overall design and construction industry in the months ahead, the fact that the value of design contracts dipped into negative territory in June for the first time in more than two years is something of a concern.”

Healthy Demand for All Building Types Signaled in Architecture Billings Index

14:00 - 2 July, 2016
Healthy Demand for All Building Types Signaled in Architecture Billings Index, via AIA
via AIA

March ABI Reflects Increase in US Design Services

14:30 - 21 April, 2016
March ABI Reflects Increase in US Design Services, March ABI 2016. Image via CalculatedRiskBlog.com
March ABI 2016. Image via CalculatedRiskBlog.com

The American Institute of Architects (AIA) reported the March Architecture Billings Index (ABI) score was 51.9, up from the mark of 50.3 in the previous month. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.1, down from a reading of 59.5 the previous month.

US ABI Drops Slightly in January

16:00 - 19 February, 2016
US ABI Drops Slightly in January, January 2016 ABI. Image via CalculatedRiskBlog.com
January 2016 ABI. Image via CalculatedRiskBlog.com

Continuing its up-and-down trajectory from the end of 2015, the American Institute of Architects' (AIA) Architectural Billings Index (ABI) for January 2016 dropped once again below 50 - to 49.6 - representing a slight decrease in billings. It also showed a reduction in the Projects Inquiries Index, which fell to 55.3 after its strong showing of 60.2 in December.

US ABI Ends 2015 on Positive Note

16:00 - 20 January, 2016
US ABI Ends 2015 on Positive Note, December 2015 ABI. Image © CalculatedRiskBlog.com
December 2015 ABI. Image © CalculatedRiskBlog.com

Despite a few volatile months, the US Architecture Billings Index (ABI) concluded 2015in positive terrain. The American Institute of Architects (AIA) reported the December ABI score was 50.9, up from the mark of 49.3 in the previous month. This score reflects a slight increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 60.2, up from a reading of 58.6 the previous month.

“As has been the case for the past several years, there continues to be a mix of business conditions that architecture firms are experiencing,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD.  “Overall, however, ABIscores for 2015 averaged just below the strong showing in 2014, which points to another healthy year for construction this year.”

November ABI Takes Another Hit

12:00 - 16 December, 2015
November ABI Takes Another Hit, November ABI 2015. Image © CalculatedRiskBlog.com
November ABI 2015. Image © CalculatedRiskBlog.com

The US Architecture Billings Index (ABI) has dipped again, this time falling from a mark of 53.1 in October to 49.3 in November. As the American Institute of Architects (AIA) report, "this score reflects a decrease in design services (any score above 50 indicated an increase in billings)." The new projects inquiry index was 58.6, up just a nudge from a reading of 58.5 the previous month. 

“Since architecture firms continue to report that they are bringing in new projects, this volatility in billings doesn’t seem to reflect any underlying weakness in the construction sector,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD.  “Rather, it could reflect the uncertainty of moving ahead with projects given the continued tightness in construction financing and the growing labor shortage problem gripping the entire design and construction industries.”

October ABI Remains on Solid Ground

16:00 - 19 November, 2015
October ABI Remains on Solid Ground, October ABI 2015. Image © CalculatedRiskBlog.com
October ABI 2015. Image © CalculatedRiskBlog.com

As reported by the AIA, this month's Architecture Billings Index (ABI) has shown a slight reduction in construction growth in October, dropping by 0.6 points from September's mark of 53.7, but still in solid positive territory at 53.1. The Project Inquiries Index also dropped for the third straight month, falling to 58.5.

“Allowing for the possibility of occasional and minor backsliding, we expect healthy business conditions for the design and construction industry to persist moving into next year,” said AIA Chief Economist Kermit Baker. “One area of note is that the multi-family project sector has come around the last two months after trending down for the better part of the year.”

September ABI Returns to Positive Territory

12:00 - 21 October, 2015
September ABI Returns to Positive Territory , September ABI 2015 . Image © CalculatedRiskBlog.com
September ABI 2015 . Image © CalculatedRiskBlog.com

After a slight contraction in August, the September Architecture Billings Index (ABI) has returned to positive territory. As the American Institute of Architects (AIA) reports, the September ABI score was 53.7, up from a mark of 49.1. The new projects inquiry index was 61.0, down from a reading of 61.8 the previous month.

“Aside from uneven demand for design services in the Northeast, all regions are project sectors are in good shape,” said AIA Chief Economist Kermit Baker. “Areas of concern are shifting to supply issues for the industry, including volatility in building materials costs, a lack of a deep enough talent pool to keep up with demand, as well as a lack of contractors to execute design work.”

A breakdown of regional highlights, after the break. 

August ABI Contracts Slightly

13:30 - 23 September, 2015
August ABI Contracts Slightly , August 2015. Image © CalculatedRiskBlog.com
August 2015. Image © CalculatedRiskBlog.com

The Architecture Billings Index (ABI) declined in August, following fairly healthy business conditions so far this year. The American Institute of Architects (AIA) reported the August ABI score was 49.1, down from a mark of 54.7 in July. The new projects inquiry index was 61.8, down from a reading of 63.7 the previous month.

“Over the past several years, a period of sustained growth in billings has been followed by a temporary step backwards,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “The fact that project inquiries and new design contracts continue to grow at a healthy pace suggests that this should not be a cause for concern throughout the design and construction industry.”

A breakdown of regional highlights, after the break. 

July ABI Remains Strong

14:19 - 19 August, 2015
July ABI Remains Strong, June 2015. Image via CalculatedRiskBlog.com
June 2015. Image via CalculatedRiskBlog.com

The American Institute of Architects (AIA) has reported a "healthy and sustained" Architecture Billings Index (ABI) for the month of July. Though slightly down from a mark of 55.7 in June, the July ABI score was 54.7, reflecting an increase in design serves within the US. The new projects inquiry index was 63.7, up slightly from a reading of 63.4 the previous month.

A breakdown of regional highlights and foresight from the AIA Chief Economist, after the break. 

ABI Jumps Four Points in June, Equals Highest Mark Since 2007

16:00 - 23 July, 2015
ABI Jumps Four Points in June, Equals Highest Mark Since 2007, via CalculatedRiskBlog.com
via CalculatedRiskBlog.com

After demonstrating a modest increase in demand for design services last month, the Architecture Billings Index (ABI) for June showed its largest single-month jump in almost four years, rising to 55.7 and falling just a tenth of a point short of matching its post-recession high of 55.8 in June of last year. As the American Institute of Architects (AIA) reports, the increased demand has been spurred by schools, hospitals, cultural facilities and municipal buildings, as the index for the institutional sector rose to a mark of 59.1.

A breakdown of regional and sector highlights, after the break.

ABI Rebounds into Positive Territory

12:15 - 24 June, 2015
ABI Rebounds into Positive Territory, via CalculatedRiskBlog.com
via CalculatedRiskBlog.com

After two months of a decreasing demand for design services, the US Architecture Billing Index (ABI) has bounced back into positive territory. As the American Institute of Architects (AIA) report, May's ABI score was 51.9, up from a mark of 48.8 in April. The new projects inquiry index was 61.5, up from a reading of 60.1 the previous month. This growth was lead by a growing demand for new schools, hospitals, cultural facilities and municipal buildings.

A breakdown of regional highlights, after the break.

ABI Slows in April

15:15 - 20 May, 2015
ABI Slows in April , April ABI 2015. Image via CalculatedRiskBlog.com
April ABI 2015. Image via CalculatedRiskBlog.com

For the second month this year, the US Architecture Billings Index (ABI) has revealed a decrease in design serves. As the American Institute of Architects (AIA) report, the April ABI score was 48.8, down sharply from a mark of 51.7 in March. The new projects inquiry index was 60.1, up from a reading of 58.2 the previous month.

“The fundamentals in the design and construction industry remain very healthy,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “The fact that both inquires for new projects and new design contracts continued to accelerate at a healthy pace in April points to strong underlying demand for design activity. However, April would typically be a month where these projects would be in full swing, but a severe winter in many parts of the Northeast and Midwest has apparently delayed progress on projects.”

A breakdown of regional highlights, after the break.

March ABI Continues to Increase

13:30 - 22 April, 2015
March ABI Continues to Increase, March 2015 ABI. Image via CalculatedRiskBlog.com
March 2015 ABI. Image via CalculatedRiskBlog.com

For the second consecutive month, the US Architecture Billings Index (ABI) has indicated a "modest increase" in design activity in March. The American Institute of Architects (AIA) reported the March ABI score was 51.7, up from a mark of 50.4 in February. The new projects inquiry index was 58.2, up from a reading of 56.6 the previous month.

“Business conditions at architecture firms generally are quite healthy across the country. However, billings at firms in the Northeast were set back with the severe weather conditions, and this weakness is apparent in the March figures,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “The multi-family residential market has seen its first occurrence of back-to-back negative months for the first time since 2011, while the institutional and commercial sectors are both on solid footing.”

February ABI Reports "Nominal Increase" in Design Activity

19:00 - 18 March, 2015
February ABI Reports "Nominal Increase" in Design Activity, February 2015 ABI. Image via CalculatedRiskBlog.com
February 2015 ABI. Image via CalculatedRiskBlog.com

The US Architecture Billings Index (ABI) has returned to a healthy state, recovering from its first negative score in ten months. Showing a "nominal increase" in design activity, the American Institute of Architects (AIA) reported February's ABI at a score of 50.4, up from a mark of 49.9 in January. The new projects inquiry index was 56.6, down from a reading of 58.7 the previous month.

A breakdown of regional highlights, after the break.

January ABI Falls into the Red

01:00 - 18 February, 2015
January ABI Falls into the Red, January 2015 ABI. Image via CalculatedRiskBlog.com
January 2015 ABI. Image via CalculatedRiskBlog.com

After nine consecutive months of growth, January’s Architecture Billing Index (ABI) reported a “softening” in US design activity. According to the American Institute of Architects (AIA), the January ABI score was 49.9, down from a mark of 52.7 in December. This score reflects a “very modest decrease” in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.7, down from the reading of 59.1 the previous month.

“This easing in demand for design services is a bit of a surprise given the overall strength of the market over the past nine months,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Likely some of this can be attributed to severe weather conditions in January. We will have a better sense if there is a reason for more serious concern over the next couple of months.”

A breakdown of regional highlights, after the break.

AIA Says December ABI Closed 2014 on "Solid Footing"

01:00 - 21 January, 2015
AIA Says December ABI Closed 2014 on "Solid Footing", December 2014 ABI. Image via CalculatedRiskBlog.com
December 2014 ABI. Image via CalculatedRiskBlog.com

Rising from a score of 50.9 to 52.2 in December, the Architecture Billings Index (ABI) closed 2014 on "solid footing." As reported by the American Institute of Architects (AIA), design services continued to increase throughout the majority of last year and all regions, except the Northeast, experienced favorable conditions. 

“Business conditions continue to be the strongest at architecture firms in the South and the Western regions,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Particularly encouraging is the continued solid upturn in design activity at institutional firms, since public sector facilities were the last nonresidential building project type to recover from the downturn.”

A breakdown of regional highlights, after the break.