NCARB: The Latest Architecture and News

For the eight consecutive month, the Architecture Billings Index (ABI) is reflecting a steady upturn in design activity. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. Although the American Institute of Architects (AIA) reported the March ABI score was 51.9, down from a mark of 54.9 in February, this score still reflects an increase in demand for design services (any score above 50 indicates an increase in billings). In addition, the new projects inquiry index was 60.1, down from the reading of 64.8 the previous month.

“Business conditions in the construction industry have generally been improving over the last several months,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “But as we have continued to report, the recovery has been uneven across the major construction sectors so it’s not a big surprise that there was some easing in the pace of growth in March compared to previous months.”

Key ABI highlights and details indicating higher employment rates for intern architects after the break...

We have already written about the dauntingly high rates of unemployment that are awaiting architecture-degree graduates in the profession these days. But a recent survey conducted by the AIA/NCARB Internship and Career Survey reveals an optimistic view of job growth and job placement in the two years since the "intense economic contraction" of 2010. The AIA writes, "emerging professionals have begun experiencing a rebound, with higher employment levels, more young designers getting licensed, and any remaining unemployment becoming, in most cases, mercifully short".

Take a look at the statistics after the break.