Run of Positive Billings Continues at Architecture Firms
Architecture firm billings growth expanded in November by a healthy margin, according to a new report from The American Institute of Architects.
AIA’s Architecture Billings Index score for November was 54.7 compared to 50.4 in October. With the strongest billings growth figure since January and continued strength in new project inquiries and design contracts, billings are closing the year on a strong note.
“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries and new design contracts,” said AIA Chief Economist Kermit Baker, Hon. AIA, Ph.D. “For the coming year, concerns about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”
Key ABI highlights for November include:
- Regional averages: Northeast (56.8), Midwest (53.1), South (50.5), West (49.0)
- Sector index breakdown: commercial/industrial (53.8), mixed practice (53.8), multi-family residential (51.2), institutional (50.8)
- Project inquiries index: 63.1
- Design contracts index: 54.6
Regional and sector categories above are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
More information on AIA’s ABI is available online.
Posted December 19, 2018
More Articles:
- Symposium on Sustainability in Health Care
Apr 3, 2024 – Apr 3, 2024 - Medical Construction & Design’s Virtual CEU Day on Sustainability
Apr 10, 2024 – Apr 10, 2024 - Environments for Aging Conference + Expo
Apr 13, 2024 – Apr 16, 2024 - American Hospital Association Annual Membership Meeting
Apr 14, 2024 – Apr 16, 2024 - Los Angeles Summit – Piloting Healthcare’s Road to Recovery
Apr 16, 2024 – Apr 16, 2024 - Hospital, Outpatient Facilities & Medical Office Buildings Summit
Apr 16, 2024 – Apr 16, 2024 - Coverings 2024
Apr 22, 2024 – Apr 25, 2024