the world's most visited architecture website
i

Sign up now and start saving and organizing your favorite architecture projects and photos

Sign up now to save and organize your favorite architecture projects

i

Find the most inspiring products for your projects in our Product Catalog.

Find the most inspiring products in our Product Catalog.

i

Get the ArchDaily Chrome Extension and be inspired with every new tab. Install here »

i

All over the world, architects are finding cool ways to re-use run-down old buildings. Click here to see the best in Refurbishment Architecture.

Want to see the coolest refurbishment projects? Click here.

i

Immerse yourself in inspiring buildings with our selection of 360 videos. Click here.

See our immersive, inspiring 360 videos. Click here.

All
Projects
Products
Events
Competitions
Navigate articles using your keyboard
  1. ArchDaily
  2. News
  3. February ABI Reveals Slight Improvement

February ABI Reveals Slight Improvement

February ABI Reveals Slight Improvement
February ABI Reveals Slight Improvement , February ABI. Image via CalculatedRiskBlog.com
February ABI. Image via CalculatedRiskBlog.com

After starting the year with a “modest uptick” that disrupted a three month cycle of decline, the Architecture Billings Index (ABI) for Feburary has revealed that design services in the United States are continuing to (slowly) improve. As reported by the American Institute of Architects (AIA), last month’s ABI score was 50.7, up slightly from a mark of 50.4 in January. In contrast, the new projects inquiry index continued to fall, dwindling from 58.5 to 56.8 in February. This however, as AIA Chief Economist Kermit Baker believes, could be due to harsh weather conditions that stalled construction activity throughout many parts of the country over the past few months .

More information and regional highlights, after the break... 

“The unusually severe weather conditions in many parts of the country have obviously held back both design and construction activity,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “The March and April readings will likely be a better indication of the underlying health of the design and construction markets. We are hearing reports of projects that had been previously shelved for extended periods of time coming back online as the economy improves.”

Key February ABI highlights:

  • Regional averages: South (52.8),West (50.5), Northeast (48.3), Midwest (47.6)
  • Sector index breakdown: multi-family residential (52.5), commercial / industrial (51.9), institutional (49.6), mixed practice (46.6)
  • Project inquiries index: 56.8

*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. Regional and sector categories are calculated as a 3-month moving average, whereas the index and inquiries are monthly numbers.

About this author
Karissa Rosenfield
Author
Cite: Karissa Rosenfield. "February ABI Reveals Slight Improvement " 19 Mar 2014. ArchDaily. Accessed . <https://www.archdaily.com/488157/february-abi-reveals-slight-improvement/> ISSN 0719-8884