Led by demand for projects such as new education and healthcare facilities, public safety, and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year.
The American Institute of Architects (AIA) reported the June ABI score was 55.7, up from a mark of 51.9 in May. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 63.4, up from a reading of 61.5 the previous month.
The ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending.
“This is the first month in 2015 that all regions are reporting positive business conditions and aside from the multi-family housing sector, all design project categories appear to be in good shape,” AIA Chief Economist Kermit Baker said in a statement. “The demand for new apartments and condominiums may have crested with index scores going down each month this year and reaching the lowest point since 2011.”
Some highlights from the June ABI:
Regional averages: Midwest (57.2), South (54.9), West (50.7) Northeast (50.4)
Sector index breakdown: institutional (59.1), mixed practice (54.7), commercial / industrial (51.6) multi-family residential (47.0)
Design contracts index: 52.5
Related Stories
Healthcare Facilities | Nov 6, 2017
Design isn’t enough to foster collaboration in healthcare and research spaces
A new Perkins Eastman white paper finds limited employee interaction at NYU Winthrop Hospital, a year after it opened.
Architects | Nov 6, 2017
How to start a negotiation: Begin as you mean to continue
How you start a negotiation often will determine where you end up, writes negotiation and mediation expert Brenda Radmacher.
Giants 400 | Nov 3, 2017
Top 25 military architecture firms
Jacobs, Michael Baker Intl., and HDR top BD+C’s ranking of the nation’s largest military sector architecture and AE firms, as reported in the 2017 Giants 300 Report.
Engineers | Nov 2, 2017
CannonDesign expands its presence in Colorado with BWG acquisition
Future mergers could be in the offing.
Giants 400 | Nov 1, 2017
Top 35 industrial architecture firms
Jacobs, Stantec, and BRPH top BD+C’s ranking of the nation’s largest industrial sector architecture and AE firms, as reported in the 2017 Giants 300 Report.
K-12 Schools | Oct 31, 2017
Exploring empathy in architecture: Put yourself in your student’s shoes
People are enigmatic and inherently complex, which can make it difficult to design for a larger population.
Architects | Oct 31, 2017
AIA selects recipients for the 2017 Innovation Awards
The program honors projects that highlight collaboration between design and construction teams to create better process efficiencies and overall costs savings.
Giants 400 | Oct 30, 2017
Top 130 green architecture firms
Gensler, Stantec, and HOK top BD+C’s ranking of the nation’s largest green sector architecture and AE firms, as reported in the 2017 Giants 300 Report.
Architects | Oct 30, 2017
City 2050: What will your city look like in 2050?
What do we think the future will look like 30 years or so from now? And what will City: 2050 be like?
Architects | Oct 25, 2017
Mason & Hanger appoints Ben Lilly as its new president
The firm expects to continue mining growth opportunities with its federal agency clients.
