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
| Sep 23, 2011
Fire and hurricane rated glazed wall assemblies installed at multi-family residence in Florida
Fire and hurricane assemblies meet design and code requirements.
| Sep 23, 2011
ABI turns positive after four monthly declines
On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August.
| Sep 23, 2011
Under 40 Leadership Summit
Building Design+Construction’s Under 40 Leadership Summit takes place October 26-28, 2011 Hotel at the Monteleone in New Orleans. Discounted hotel rate deadline: October 2, 2011.
| Sep 20, 2011
Jeanne Gang wins MacArthur Fellowship
Jeanne Gang, a 2011 MacArthur Fellowship winner described by the foundation as "an architect challenging the aesthetic and technical possibilities of the art form in a wide range of structures."
| Sep 20, 2011
Francis Cauffman wins two IDA design awards
The PA/NJ/DE Chapter of the International Interior Design Association (IIDA) has presented the Francis Cauffman architecture firm with two awards: the Best Interior Design of 2011 for the W. L. Gore offices in Elkton, MD, and the President’s Choice Award for St. Joseph’s Regional Medical Center in Paterson, NJ.
| Sep 20, 2011
PPG, Pleotint to co-market environmentally adaptive glazing technology with low-e glass
Laminated between two lites of glass, SRT interlayer may be used monolithically or within an insulating glass unit.
| Sep 19, 2011
Portland team hired as LEED and commissioning consultants for $5.5B downtown sustainable project in Qatar
The $5.5 billion sustainable downtown regeneration project underway by Msheireb Properties will transform a 76 acres site at the centre of Doha, Qatar’s capital city, recreating a way of living that is rooted in Qatari culture, attracting residents back to the city center and reversing the trend for decentralization.
| Sep 16, 2011
Chicago Architecture Foundation partners with seven renowned architects to re-imagine Chicago neighborhoods
Design on the Edge presents plans created by seven teams of nine Chicago-based architects to reimagine seven of the city’s neighborhoods to encourage street life, retail districts and dense housing around the existing “L” transit system.
| Sep 14, 2011
USGBC L.A. Chapter's Green Gala features Jason McLennan as keynote speaker
The Los Angeles Chapter of the nonprofit USGBC will launch its Sustainable Innovation Awards this year during the chapter's 7th Annual Green Gala on Thursday, November 3.
