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August’s Architecture Billings Index drops slightly, driven by declines in multifamily and institutional contracts

Archinect

any score above 50 indicates an increase), marking the eleventh month of consecutively flat figures for firms following a period of growth between 2021 and mid-2022. The value of new design contracts also dropped for the first time since April.

Contract 290
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AIA/Deltek Architecture Billings Index drops again in August for 19th consecutive month

Archinect

The newest AIA /Deltek Architecture Billings Index reporting has shown a continued stasis of weak conditions for firms nationally. Unfortunately, even the impending interest rate cuts didn’t move the needle on project inquiries or new design contracts at architecture firms. The August ABI is now 45.7, down from the 48.2

Contract 264
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Architecture Billings Index in April continues strong growth momentum of architecture industry

Archinect

The latest economic data issued by the American Institute of Architects confirm the fifteenth consecutive month of growing demand in design services as reported by architecture firms across the U.S. New project inquiries and design contracts during April experienced a mild descent compared to March, reporting scores of 62.3

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Architecture Billings Index in December ends 2021 favorably despite labor shortage and pandemic uncertainty

Archinect

Wrapping up a tumultuous business year 2021, the American Institute of Architects reports that architecture firms ended the year on a "high note with strong business conditions." Sector index breakdown: mixed practice (60.6); multi-family residential (49.2); commercial/industrial (49.2); institutional (47.6) Design contracts index: 55.8

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March Architecture Billings Index shows an increase for the first time since September

Archinect

New data from the American Institute of Architects' latest Architecture Billings Index (ABI) shows an increase for the month of March, ending a five-month streak of declines in spite of a slight decrease in the overall number of new contracts during the same 30-day period. As mentioned, the value of new design contracts declined to 48.9

Contract 246
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Architecture Billings Index in May marks sixteen months of continued growth in demand for design services

Archinect

The Architecture Billings Index for May, which uses feedback from architecture firms, finished at a score of 53.5. New project inquiries and design contracts indexes also expanded, posting scores of 63.9 New project inquiries and design contracts indexes also expanded, posting scores of 63.9 respectively, up from 62.3

Contract 279
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Rebound in demand for design services in May, says AIA Architecture Billings Index

Archinect

The index score in May was the highest it has been since September 2022, while inquiries into new projects and design contracts reached their highest levels since February. while new design contracts entered positive territory with a score of 52.3, up from 48.5 in April (a score above 50 indicates an increase in billings).

Contract 246