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Design Billings Slow but Remain Strong

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THE MOST RECENT REPORT:  JUNE 2022

Western and Northeastern U.S. starting to see consistent increases

 

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

The ABI score for May was 53.5. While this score is down from April’s score of 56.5, it still indicates very strong business conditions overall (any score above 50 indicates an increase in billings from the prior month). Also in May, both the new project inquiries and design contracts indexes expanded, posting scores of 63.9 and 56.9 respectively.

“The strength in design activity over the past three months has produced a broader base of gains. The Northeast region and Institutional sector have struggled with slow billings activity, but now have posted consecutive months of positive scores.” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “With the improvement in inquiries and new design projects, demand for design services will likely remain high for the next several months, despite strong economic headwinds.”

Key ABI highlights for May include:

  • Regional averages: West (59.3); Midwest (56.8); South (52.3); Northeast (51.4)

  • Sector index breakdown: commercial/industrial (57.7); mixed practice (56.2); multi-family residential (54.5); institutional (51.7)

Visit AIA’s website for more ABI information.

 

Interpreting the ABI:

The Architecture Billings Index (ABI) is a leading economic indicator for nonresidential construction activity, with a lead time of approximately 9–12 months. The index is derived from The American Institute of Architects (AIA) Work-on-the-Boards survey, which has gathered data on shifts in billings from architectural firm leaders for over 20 years.

The survey panel asks participating architectural firms whether billings increased, decreased or stayed the same in the month that just ended. According to the proportion of respondents choosing each option, a score is generated, which represents an index value for each month.

  • An index score of 50 indicates no change in firm billings versus the previous month.
  • A score above 50 indicates an increase in firm billings versus the previous month.
  • A score below 50 indicates an decrease in firm billings versus the previous month.
  • NOTE: Index numbers cited for the last three reported months are preliminary.
  • The regional and sector categories are calculated as a 3-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.

 

Source:  The American Institute of Architects (AIA)

National Architecture Billings Index

Source: The American Institute of Architects (AIA)

RELATED: Historical ABI Data 2008 - 2020 »

 

 

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Regional Architecture Billings Index

(Three month rolling average)

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Source: The American Institute of Architects (AIA)

Sector-Specific Architecture Billings Index

Three-month rolling average

Commercial/Industrial
Buildings related to commerce and industry. Office space, banks, retail, factories, etc.

Institutional
Schools, civic/government buildings, museums, hospitals, etc.

Multifamily Residential
Town homes, apartment complexes, condominiums, etc.

Mixed Practice
Buildings that include both residential and commercial/industrial spaces.

Source: The American Institute of Architects (AIA)

 

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