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. ABI Rebounds into Positive Territory

ABI Rebounds into Positive Territory

ABI Rebounds into Positive Territory
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.

“As has been the case for the past several years, while the design and construction industry has been in a recovery phase, we continue to receive mixed signals on business conditions in the marketplace,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Generally, the business climate is favorable, but there are still construction sectors and regions of the country that are struggling, producing the occasional backslide in the midst of what seems to be growing momentum for the entire industry.”

Regional Averages:

  • Midwest (52.3)
  • South (54.6)
  • Northeast (45.2)
  • West (49.9)

Sector Index Breakdown:

  • Multi-family residential (45.9)
  • Mixed Practice (52.5)
  • Commercial/Industrial (48.3)
  • Institutional (55.2)

Key May ABI Highlights:

  • Project inquiries index (61.5)
  • Design contracts index (53.4)

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.

About this author
Karissa Rosenfield
Author
Cite: Karissa Rosenfield. "ABI Rebounds into Positive Territory" 24 Jun 2015. ArchDaily. Accessed . <https://www.archdaily.com/769125/abi-rebounds-into-positive-territory/> ISSN 0719-8884
Read comments