Architecture Billings Index continues historic drop in April


The Architecture Billings Index (ABI) report published for the month of April by the American Institute of Architects (AIA) shows that a historic contraction within the architecture industry has intensified as the COVID-19 crisis continues in the United States. 

March ABI highlights
  • Architecture Billings Index score for March: 29.5
  • Project inquiries index: 28.4
  • Design contracts index: 27.6

According to the report, "demand for design services in April saw its steepest decline on record," resulting in an ABI score of 29.5. Any score falling below 50 indicates a decrease in billings; This is the second month in a row to show a deep contraction in the demand for design services. March's score, which captured only the first weeks of the COVID-19 crisis, fell to 33.3 following a 53.4 score in February on the eve of the crisis.

Project inquiries fared slightly better in April than in March, while contract execution dropped further.

Summarizing the findings of the survey, AIA Chief Economist K...

Antonio Pacheco via Archinect - News https://bit.ly/2ZkjTbg

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