AIA/Deltek Architecture Billings Index Sees Stable Business Conditions

The American Institute of Architects/Deltek Architecture Billings Index results for July signals mostly stable business conditions. The ABI score was 50, indicating that billings at architecture firms remained flat for the month.

Firms with a commercial/industrial specialization reported their strongest billings growth in more than a year, while firms with a multifamily residential specialization continued to report declining billings.  While this marks the ninth consecutive month of growth for firms located in the Midwest region, firms in other regions reported modest declines in billings.

Key ABI highlights for July include:

• Regional averages: Midwest (51.6); West (49.6); Northeast (49.3); South (48.9)
• Sector index breakdown: commercial/industrial (52.7); institutional (51.2); mixed practice (firms that do not have at least half of their billings in any one other category) (46.3); multifamily residential (45.4)
• Project inquiries index: 54.5
• Design contracts index: 50

The regional and sector categories are calculated as three-month moving averages and may not always average out to the national score.

Visit AIA’s website for detailed information about this, and past billing index reports.