Buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June for the fifth consecutive month.
As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the June ABI score was 52.6, down from the mark of 53.1 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.6, down from a reading of 60.1 the previous month.
“Demand for residential projects has surged this year, greatly exceeding the pace set in 2015. This suggests strong future growth for housing in the coming year,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “While we expect to see momentum continue for the overall design and construction industry in the months ahead, the fact that the value of design contracts dipped into negative territory in June for the first time in more than two years is something of a concern.”
Key June ABI highlights:
- Regional averages: South (55.5), West (54.1), Northeast (51.8), Midwest (48.2)
- Sector index breakdown: multi-family residential (57.9), institutional (52.7), mixed practice (51.0), commercial / industrial (50.3)
- Project inquiries index: 58.6
- Design contracts index: 49.7
- The regional and sector categories are calculated as a 3-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
Related Stories
| Oct 17, 2011
Aerialogics announces technology partnership with CertainTeed Corp.
CertainTeed to provide Aerialogics’ Aerial Measurement Services to its credentialed contractor base and utilize the technology in its Roofing Products Division.
| Oct 17, 2011
Big D Floor covering supplies to offer Johnsonite Products??
Strategic partnership expands offering to south and west coast customers.
| Oct 17, 2011
Clery Act report reveals community colleges lacking integrated mass notification systems
“Detailed Analysis of U.S. College and University Annual Clery Act Reports” study now available.
| Oct 17, 2011
USGBC L.A. Chapter's Green Gala to feature Jason McLennan as keynote speaker
Chapter to presents inaugural Sustainable Innovation Awards,
| Oct 17, 2011
Schneider Electric introduces UL924 emergency lighting control devices
The emergency lighting control devices require fewer maintenance costs and testing requirements than backup batteries because they comply with the UL924 standard, reducing installation time.
| Oct 14, 2011
AISC develops new interoperability strategy to move construction industry forward
AISC is working to bring that vision to reality by developing a three-step interoperability strategy to evaluate data exchanges and integrate structural steel information into buildingSMART's Industry Foundation Classes.
| Oct 14, 2011
University of New Mexico Science & Math Learning Center attains LEED for Schools Gold
Van H. Gilbert architects enhances sustainability credentials.
| Oct 14, 2011
BD+C Survey on Building Information Modeling: The Good, the Bad, and the Solutions
In a recent survey conducted by Building Design+Construction, more than 75% of respondents indicated they currently use BIM or plan to use it. Respondents were also asked to comment on their experiences with BIM, what they liked and disliked about BIM, and what BIM-related advice they would give to their peers.
| Oct 14, 2011
ACI partners with CRSI to launch new adhesive anchor certification program
Adhesive anchor installer certification required in new ACI 318-11.
| Oct 14, 2011
Midwest construction firms merge as Black and Dew
Merger is aimed at increasing market sector capabilities and building on communication and core contracting competencies.
