The Architecture Billings Index (ABI) reflects sustained demand for design services in nearly all nonresidential project types over the nine to twelve month lead time between architecture billings and construction spending.
The American Institute of Architects (AIA) reported the July ABI score was 54.7, down a point from a mark of 55.7 in June. This score still reflects an increase in design services (any score above 50 indicates an increase in billings).
The new projects inquiry index was 63.7, up slightly from a reading of 63.4 the previous month.
“On top of what has been a flurry of design activity in recent months, some architects are reporting a break in the logjam created by clients placing projects on hold for indefinite periods, which bodes well for business conditions in the months ahead,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “There is some uneasiness in the design community that rapid growth in construction costs could escalate beyond development capital and municipal budgets, which could trigger some contraction in the marketplace down the road.”
July ABI highlights:
- Regional averages: Midwest (58.2), South (55.7), West (53.8) Northeast (53.5)
- Sector index breakdown: institutional (57.3), mixed practice (56.8), commercial/industrial (53.4) multi-family residential (49.8)
- Project inquiries index: 63.7
- Design contracts index: 54.5
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
MFPRO+ News | Jul 22, 2024
6 multifamily WAFX 2024 Prize winners
Over 30 projects tackling global challenges such as climate change, public health, and social inequality have been named winners of the World Architecture Festival’s WAFX Awards.
Office Buildings | Jul 22, 2024
U.S. commercial foreclosures increased 48% in June from last year
The commercial building sector continues to be under financial pressure as foreclosures nationwide increased 48% in June compared to June 2023, according to ATTOM, a real estate data analysis firm.
Codes and Standards | Jul 22, 2024
Tennessee developers can now hire their own building safety inspectors
A new law in Tennessee allows developers to hire their own building inspectors to check for environmental, safety, and construction violations. The law is intended to streamline the building process, particularly in rapidly growing communities.
Codes and Standards | Jul 22, 2024
New FEMA rules include climate change impacts
FEMA’s new rules governing rebuilding after disasters will take into account the impacts of climate change on future flood risk. For decades, the agency has followed a 100-year floodplain standard—an area that has a 1% chance of flooding in a given year.
Construction Costs | Jul 18, 2024
Data center construction costs for 2024
Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers.Â
Sustainability | Jul 18, 2024
Grimshaw launches free online tool to help accelerate decarbonization of buildings
Minoro, an online platform to help accelerate the decarbonization of buildings, was recently launched by architecture firm Grimshaw, in collaboration with more than 20 supporting organizations including World Business Council for Sustainable Development (WBCSD), RIBA, Architecture 2030, the World Green Building Council (WorldGBC) and several national Green Building Councils from across the globe.
University Buildings | Jul 17, 2024
University of Louisville Student Success Building will be new heart of engineering program
A new Student Success Building will serve as the heart of the newly designed University of Louisville’s J.B. Speed School of Engineering. The 115,000-sf structure will greatly increase lab space and consolidate student services to one location.
Healthcare Facilities | Jul 16, 2024
Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025
Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.
K-12 Schools | Jul 15, 2024
A Cleveland suburb opens a $31.7 million new middle school and renovated high school
Accommodating 1,283 students in grades 6-12, the Warrensville, Ohio school complex features flexible learning environments and offers programs ranging from culinary arts and firefighting training to e-sports.
MFPRO+ News | Jul 15, 2024
More permits for ADUs than single-family homes issued in San Diego
Popularity of granny flats growing in California
