Architecture Billings Index is up for the month of October following rough summer


According to a recently published report from the American Institute of Architects (AIA), the Architecture Billings Index (ABI) is showing signs of a rebound after showing consistently mixed results over recent months. 

The ABI score for the month of October has risen to 52.0, up from 49.7 in September and 47.2 in August. According to how the index is tabulated, any score above 50.0 indicates an increase in the demand for design services. 

October ABI highlights
  • Project inquiries index: 57.9 
  • Design contracts index: 52.9
  • Regional averages: South (55.5); West (51.3); Midwest (49.9); Northeast (47.2)
  • Sector index breakdown: mixed practice (55.2); multi-family residential (54.0); institutional (49.9); commercial/industrial (49.3)

The modest rebound brings the majority of the ABI's catego...

Antonio Pacheco via Archinect - News http://bit.ly/37tBpM2

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