Architecture Billings Index in October remains positive despite small drop


Architecture firm billings growth softened in October but remained positive for the thirteenth consecutive month, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for October was 50.4 compared to 51.1 in September. With continued strength in new project inquiries, billings are expected to remain steady into the coming months.



"The effects of the 2018 hurricane season are the probable cause of the temporary contraction in billings in the Southern region. This decrease in demand for design services is limited, and the region should rebound over the next several months," said AIA Chief Economist Kermit Baker.

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

  • Regional averages: Midwest (57.8), Northeast (51.8), South (48.4), West (46.9)
  • Sector index breakdown: mixed practice (52.7), multi-family residential (52.3), institutional (52.0), commercial/industrial (48.9)
  • Project inquiries index: 58.6
  • Design contracts index: 52.8
Alexander Walter via Archinect - News http://bit.ly/2zfYjaf

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