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August’s Architecture Billings Index drops slightly, driven by declines in multifamily and institutional contracts

Archinect

any score above 50 indicates an increase), marking the eleventh month of consecutively flat figures for firms following a period of growth between 2021 and mid-2022. The value of new design contracts also dropped for the first time since April.

Contract 291
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March Architecture Billings Index shows an increase for the first time since September

Archinect

New data from the American Institute of Architects' latest Architecture Billings Index (ABI) shows an increase for the month of March, ending a five-month streak of declines in spite of a slight decrease in the overall number of new contracts during the same 30-day period. As mentioned, the value of new design contracts declined to 48.9

Contract 246
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Rebound in demand for design services in May, says AIA Architecture Billings Index

Archinect

The index score in May was the highest it has been since September 2022, while inquiries into new projects and design contracts reached their highest levels since February. while new design contracts entered positive territory with a score of 52.3, up from 48.5 in April (a score above 50 indicates an increase in billings).

Contract 246
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Architecture Billings Index for April indicates slight decrease despite upticks in future project inquiries

Archinect

Firms did report, however, that new project inquiries increased to a score of 53.9, though most practices continued to report a decline in the value of new design contracts to a score of 49.8. The billings score for April dropped to 48.5, down from the March total of 50.4 (any any score above 50 indicates an increase).

Project 246
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Stable demand for architecture services in June, says AIA Architecture Billings Index

Archinect

while new design contracts edged upward to 52.7 Sector index breakdown: institutional (55.4); mixed practice (firms that do not have at least half of their billings in any one other category) (48.8); commercial/industria. Inquiries into new projects continued to post a positive score of 56.7, though down from May’s 57.2,

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Architecture Billings Index in April continues strong growth momentum of architecture industry

Archinect

The latest economic data issued by the American Institute of Architects confirm the fifteenth consecutive month of growing demand in design services as reported by architecture firms across the U.S. New project inquiries and design contracts during April experienced a mild descent compared to March, reporting scores of 62.3

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Demand for design services continue to fall in December’s AIA Architecture Billings Index

Archinect

although new design contracts remained in negative territory with a score of 49.4. Inquiries into new projects continued to post a positive score of 52.3, December ABI Highlights Regional averages: South (48.8); Midwest (49.4); West (45.5); Northeast (46.5). “With ABI scores for the entire fourth.

Contract 246