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. AIA Says December ABI Closed 2014 on "Solid Footing"

AIA Says December ABI Closed 2014 on "Solid Footing"

AIA Says December ABI Closed 2014 on "Solid Footing"
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.

Also in December, the new projects inquiry index was 58.2, following a mark of 58.8 the previous month. Design contracts posted a mark of 49.9, after a 54.9 score in November.

Regional Averages:

  • Midwest (50.8)
  • South (56.8)
  • Northeast (45.5)
  • West (52.9)

Sector Index Breakdown:

  • Multi-family residential (55.7)
  • Mixed Practice (45.8)
  • Commercial/Industrial (51.2)
  • Institutional (52.5)

Key August ABI Highlights:

  • Project inquiries index (58.2)
  • Design contracts index (49.9)

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. Any score above 50 reflects an increase in design services. 

Cite: Karissa Rosenfield. "AIA Says December ABI Closed 2014 on "Solid Footing"" 21 Jan 2015. ArchDaily. Accessed . <https://www.archdaily.com/590364/aia-says-december-abi-closed-2014-on-solid-footing/> ISSN 0719-8884
Read comments