Architecture Billings Index in May reports eighth consecutive month of growth


Architecture firm billings grew in May, marking the eighth consecutive month of solid growth, according to a new report today from The American Institute of Architects (AIA). Overall, the AIA’s Architecture Billings Index (ABI) score for May was 52.8 [...]. The ABI also indicated that business conditions remain strong at firms located in the South and West, while growth in billings was modest at firms in the Northeast and Midwest.



“Architecture firms continue to have plenty of work as they enter the busiest part of the design and construction season,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “This is especially true for firms serving the institutional building sector, which reported their strongest growth in billings in several years.”

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

  • Regional averages: West (51.9), Midwest (50.2), South (55.0), Northeast (50.6)
  • Sector index breakdown: multi-family residential (52.1), institutional (54.3), commercial/industrial (53.6), mixed practice (47.9)
  • Project inquiries index: 59.3
  • Design contracts index: 53.3
Alexander Walter via Archinect - News http://bit.ly/2tsHZiH

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