Architecture Billings Index strengthens in November despite uncertainty over tax reform


Even with the uncertainty related to pending tax reform legislation that likely will have a mixed effect on the construction industry, design services at architecture firms remains in high demand. The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month. [...] The new projects inquiry index was 61.1, up from a reading of 60.2 the previous month, while the new design contracts index rose slightly from 52.8 to 53.2.



“Not only are design billings overall seeing their strongest growth of the year, the strength is reflected in all major regions and construction sectors,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “The construction industry continues to show surprising momentum heading into 2018.”

The AIA reports these key ABI stats for the month of November:

  • Regional averages: West (54.8), Northeast (52.8), South (52.8), Midwest (50.4)
  • Sector index breakdown: multi-family residential (53.9), mixed practice (53.6), commercial / industrial (53.3), institutional (52.4)
  • Project inquiries index: 61.1
  • Design contracts index: 53.2
Alexander Walter via Archinect - News http://ift.tt/2z5MlwU

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