flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Architecture Billings Index continues to stabilize but remains healthy

Market Data

Architecture Billings Index continues to stabilize but remains healthy

Architecture firms reported increasing demand for design services in June, according to a new report today from The American Institute of Architects (AIA).


By AIA | July 21, 2022
Construction Design Services
Courtesy Pixabay.

Architecture firms reported increasing demand for design services in June, according to a new report today from The American Institute of Architects (AIA).

The ABI score for June was 53.2. While this score is down slightly from May’s score of 53.5, it still indicates moderately strong business conditions overall (any score above 50 indicates an increase in billings from the prior month). Also in June, both the new project inquiries and design contracts indexes moderated from May but continued to show growth, posting scores of 58.2 and 52.2 respectively. 

“Ongoing project activity at architecture firms as well as new work coming online remains strong, pushing project backlogs up to seven months on average nationally,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “In spite of heavy workloads, employment at architecture firms has stabilized, suggesting that adding new employees is becoming even more challenging as the building construction sector continues to recover.”

Key ABI highlights for June include:

  • Regional averages: West (57.8); Midwest (54.8); South (51.5); Northeast (48.7)
  • Sector index breakdown: institutional (53.5); mixed practice (52.8); multi-family residential (52.6); commercial/industrial (52.5)

Related Stories

Market Data | Oct 15, 2020

6 must reads for the AEC industry today: October 15, 2020

Chicago's Bank of America Tower opens and altering facilities for a post-COVID-19 world.

Market Data | Oct 14, 2020

6 must reads for the AEC industry today: October 14, 2020

Thailand's new Elephant Museum and the Art Gallery of New South Wales receives an expansion.

Market Data | Oct 13, 2020

5 must reads for the AEC industry today: October 13, 2020

Miami Beach Convention Center renovation completes and guidance offered for K-12 schools to support students with asthma.

Market Data | Oct 12, 2020

Majority of contractors fear long-term business implications of COVID-19, according to Construction Executive survey

While many contractors have not yet seen drastic impacts to their business, as construction was in many areas considered an “essential” service, the long-term implications are concerning.

Market Data | Oct 12, 2020

6 must reads for the AEC industry today: October 12, 2020

4 challenges of realizing BIM's value for an owner and Florida office property is designed for a post-Covid world.

Market Data | Oct 8, 2020

6 must reads for the AEC industry today: October 8, 2020

The first rendering of the National Medal of Honor Museum is unveiled and seven urgent changes needed to fix senior living.

Market Data | Oct 7, 2020

6 must reads for the AEC industry today: October 7, 2020

Water-filled windows' effect on energy and construction begins on PGA of America HQ.

Market Data | Oct 6, 2020

Construction sector adds 26,000 workers in September but nonresidential jobs stall

Many commercial firms experience project cancellations.

Market Data | Oct 6, 2020

6 must reads for the AEC industry today: October 6, 2020

Construction rises 1.4% in August while nonresidential construction spending falls slightly.

Market Data | Oct 5, 2020

Nonresidential construction spending falls slightly in August

Of the 16 nonresidential subcategories, nine were down on a monthly basis.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021