Demand for design services from architecture firms began to stabilize in June, following their peak declines in April, according to a new report today from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for June was 40.0 compared to 32.0 in May. The May ABI score indicates that a significant share of architecture firms still saw their billings decline from May to June, however the share reporting declines slowed significantly. Index scores for new project inquiries and new design contracts also showed signs of stabilizing, posting scores of 49.3 and 44.0 respectively.
“While business conditions remained soft at firms across the country, those with a multifamily residential specialization saw the most positive signs,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Unfortunately, conditions at firms with a commercial/industrial specialization are likely to remain weak for an extended period of time, until hospitality, office and retail facilities can fully reopen, and design demand for this space begins to increase.”
Key ABI figures for June include:
• Regional averages: Midwest (36.8); West (36.8); South (35.9); Northeast (34.2)
• Sector index breakdown: multi-family residential (44.7); institutional (38.9); mixed practice (35.3); commercial/industrial (30.1)
• Project inquiries index: 49.3
• Design contracts index: 44.0
The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
Related Stories
| Dec 12, 2011
Philadelphia Mayor Signs Order for Project Labor Agreements
Philadelphia Mayor Michael Nutter signed an executive order establishing project labor agreements for major public works projects in Philadelphia.
| Dec 12, 2011
Improved Code Requirements for Attic Ventilation
The International Code Council (ICC) recently published the 2012 International Residential Code (IRC) that includes improved code requirements for balanced intake and exhaust for ventilated attics.
| Dec 12, 2011
DOE makes 2010 ASHRAE energy standard the reference for state energy codes
The U.S. Department of Energy (DOE) issued a ruling that establishes the 2010 American Society of Heating, Refrigerating and Air-Conditioning Engineers’ (ASHRAE’s) 2010 energy efficiency standard as the commercial building reference standard for state building energy codes.
| Dec 1, 2011
Chinese cabinet approves regulation to prevent fraud in construction bidding
China’s State Council approved a regulation to standardize bidding processes for construction and other business-related projects in order to prevent fraud and misconduct.
| Dec 1, 2011
More stringent efficiency codes driving growth in green building industry
Thanks partly to upgraded building codes, the building energy efficiency market will soar more than 50% between now and 2017 to $103.5 billion, according to Pike Research.
| Dec 1, 2011
Safety tracking tool helping prevent injuries at World Trade Center site
Since putting in place their Safety Management Systems Tracking Tool three years ago, risk managers for the World Trade Center project in New York say they've seen workplace injuries, reported hazards, and workers compensation claims decline.
| Dec 1, 2011
OSHA releases new construction safety videos
OSHA released new safety videos to offer both employers and workers brief, easy-to-understand education about construction safety.
| Dec 1, 2011
GSA Region 5 BIM standards could set national agenda in government contracting
Learning how the GSA wants to work with contractors using Building Information Models (BIM) will dramatically improve your odds of winning federal work.
| Nov 23, 2011
Fenestration council seeks committee members
The National Fenestration Rating Council (NFRC) is seeking members for a committee to pursue recognition of its ratings procedures from the American National Standard Institute (ANSI).
| Nov 23, 2011
Obama signs repeal of 3% withholding on government contracts
President Obama signed a bill that repeals a law requiring governments to withhold 3% of payments over $10,000 to contractors.
