AIA Reports Demand for Design Services Continues to Grow
Architecture firms reported increasing demand for design services for the 10th consecutive month in November, according to a new report from The American Institute of Architects.
The ABI score for November was 51.0, down from 54.3 the previous month. While this score is down slightly from October’s score, it still indicates positive business conditions overall (any score above 50 indicates billings growth). During November, scoring for both the new project inquiries and design contracts moderated slightly, but remained in positive territory, posting scores of 59.4 and 55.8 respectively.
“The period of elevated billing scores nationally, and across the major regions and construction sectors seems to be winding down for this cycle,” said AIA Chief Economist Kermit Baker, Hon. AIA, Ph.D. “Ongoing external challenges like labor shortages, supply chain disruptions, spiking inflation and prospects for rising interest rates will likely continue to slow the growth in firm billings in the coming months.”
Key ABI highlights for November include:
- Regional averages: Midwest (57.6); South (53.7); West (50.9); Northeast (45.5)
- Sector index breakdown: mixed practice (56.9); multi-family residential (51.4); commercial/industrial (50.5); institutional (50.1)
The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.
Visit AIA’s website for more ABI information.
Posted December 21, 2021
More Articles:
- CxA Workshop & Exam
Apr 29, 2024 – Apr 30, 2024 - EMP Seminar & Exam at CxEnergy 2024
Apr 29, 2024 – Apr 30, 2024 - CxEnergy
Apr 29, 2024 – May 2, 2024 - PHCC West 2024
Apr 29, 2024 – May 2, 2024 - Lean in Design Forum 2024
May 1, 2024 – May 2, 2024 - IFMA’s Facility Fusion Conference & Expo
May 5, 2024 – May 7, 2024 - ASHE Academy 2024
May 6, 2024 – May 10, 2024