Architecture Billings Index kicks new year off strong with highest January score since 2007


2018 started on a strong note for architecture firms, as the Architecture Billings Index (ABI) saw its highest January score since 2007. The American Institute of Architects (AIA) reported the January ABI score was 54.7, up from a score of 52.8 in the previous month. [...] The new projects inquiry index was 61.1, down from a reading of 62.0 the previous month, while the new design contracts index increased slightly from 53.4 to 53.9.



"Healthy conditions continue across all sectors and regions except the Northeast, where firm billings softened for the second consecutive month," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "With strong billings and healthy growth in new projects to start the year, firms remain generally optimistic about business conditions for the next several months."

The American Institute of Architects reports these key ABI stats for the month of January: 

  • Regional averages: West (56.2), South (55.3), Midwest (54.8), Northeast (47.3)
  • Sector index breakdown: multi-family residential (56.0), commercial / industrial (53.3), institutional (52.5), mixed practice (50.1)
  • Project inquiries index: 61.1
  • Design contracts index: 53.9
Alexander Walter via Archinect - News http://bit.ly/2GuMJJi

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