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    Home»News»Architecture Billings Slip Modestly
    February 28, 2017

    Architecture Billings Slip Modestly

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    WASHINGTON, D.C. –The Architecture Billings Index dipped slightly into negative territory in January*, after a very strong showing in December. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the January ABI score was 49.5, down from a score of 55.6 in the previous month. This score reflects a minor decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 60.0, up from a reading of 57.6 the previous month.

    “This small decrease in activity, taking into consideration strong readings in project inquiries and new design contracts, isn’t exactly a cause for concern,” said AIA Chief Economist, Kermit Baker, Hon. AIA, Ph.D. “The fundamentals of a sound nonresidential design and construction market persist.”

    Key January ABI highlights:

    • Regional averages: South (54.2), Northeast (53.0), Midwest (52.4), West (48.8)
    • Sector index breakdown: institutional (54.6), commercial / industrial (53.4), mixed practice (48.1), multi-family residential (48.1)
    • Project inquiries index: 60.0
    • Design contracts index: 52.1

    The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.

    *Every January the AIA research department updates the seasonal factors used to calculate the ABI, resulting in a revision of recent ABI values.

    ABI Architecture Architecture Billings Index

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