Following a nine-month stretch of positive billings, the Architecture Billings Index (ABI) showed no increase in design activity in January.
The American Institute of Architects reported the January ABI score was 49.9, down from a mark of 52.6 in December. This score reflects a very modest decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.7, up from the reading of 51.3the previous month.
As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending.
“This easing in demand for design services is a bit of a surprise given the overall strength of the market over the past nine months,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Likely some of this can be attributed to severe weather conditions in January. We will have a better sense if there is a reason for more serious concern over the next couple of months.”
* Every January the AIA research department updates the seasonal factors used to calculate the ABI, resulting in a revision of recent ABI values.
Key December ABI highlights:
- Regional averages: South (54.8), West (49.3), Midwest (50.8), Northeast (46.0)
- Sector index breakdown: multi-family residential (51.4), institutional (53.0), commercial / industrial (50.9), mixed practice (46.9)
- Project inquiries index: 58.7
- Design contracts index: 51.3
The regional and sector categories are calculated as a 3-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
About the AIA Architecture Billings Index
The Architecture Billings Index (ABI), produced by the AIA Economics & Market Research Group, is a leading economic indicator that provides an approximately nine to twelve month glimpse into the future of nonresidential construction spending activity. More at: http://www.aia.org/practicing/economics/AIAS076265
Related Stories
| Dec 9, 2012
Modular classroom building makes the grade
SAGE modular classroom opens eyes, minds at Greenbuild 2012.
| Dec 9, 2012
14 great solutions
Welcome to the third installment of Building Design+Construction’s “Great Solutions,” highlighting 14 innovative technologies and products that you can put to work in your next project.
| Dec 9, 2012
AEC professionals cautiously optimistic about commercial construction in ’13
Most economists say the U.S. is slowly emerging from the Great Recession, a view that was confirmed to some extent by an exclusive survey of 498 BD+C subscribers whose views we sought on the commercial construction industry’s outlook on business prospects for 2013.
| Dec 7, 2012
Structural glazing sealant protects solar-rooftop stadium in Taiwan
Designers of the Kaohsiung World Games Main Stadium in Gaoxiong, Taiwan, powered by almost 9,000 rooftop solar panels, required an effective panel fixing design offering optimum energy transfer rate, plus thermal and weathertight performance. Dow Corning specialists recommended a four-sided structural sealant solution featuring Dow Corning 983 Structural Glazing Sealant.
| Dec 6, 2012
Ziegler Cooper names Soto as Director of Design, Broadens Design Capabilities
Soto will oversee design efforts, bringing a high level of quality and problem solving capabilities through active engagement with clients and studios firm wide.
| Dec 5, 2012
Gilbane publishes Winter 2012 construction economic report
Report outlines impact of recent events; predicts continued movement, while slow, toward recovery.
| Dec 5, 2012
Gehry-designed New York City tower receives Emporis Skyscraper Award
8 Spruce Street is now the third New York tower to win the Emporis Skyscraper Award.
| Dec 4, 2012
MKK’s Denver Human Services Eastside Building wins ACEC Excellence Award
MKK provided mechanical, plumbing and fire protection consulting services on this LEED-NC Gold project.
| Dec 4, 2012
Thornton Tomasetti opens new office in São Paulo, Brazil
The move to São Paulo is strategic and timely, as the country continues preparations for the 2014 World Cup and 2016 Olympic Games in Rio de Janeiro.
