March ABI Fuels Industry Optimism

April 21, 2017

March provided additional reasons for optimism at architecture firms nationwide as the Architecture Billings Index (ABI) reflected an overall increase in billings, including a billings increase in all four regional averages.

The ABI provides an approximately nine- to 12-month glimpse into the future of architecture billings and non-residential construction spending, with any score above 50 indicating an increase in billings, and scores beneath 50 reflecting a decline.

The March reading of 54.3 showed a significant jump from February’s 50.7, with regional averages also showing billings growth (Midwest, 54.6; South, 52.6; Northeast, 52.4; and West, 50.2).

In a release issued by the American Institute of Architects, AIA Chief Economist Kermit Baker, Hon. AIA, PhD, said, “The first quarter started out on uneasy footing, but fortunately ended on an upswing entering the traditionally busy spring season. All sectors showed growth except for the commercial/industrial market, which, for the first time in over a year displayed a decrease in design services.”

The sector index breakdown was multi-family residential (54.6), mixed practice (53.7), institutional (52.9), commercial / industrial (49.8). Meanwhile, the new projects inquiry index was 59.8, down from February’s reading of 61.5, while the new design contracts index dipped from 54.7 to 52.3.

Dodge Momentum Index Pushes Forward – Again

April 11, 2017

The Dodge Momentum Index jumped 0.9 percent in March, marking its sixth consecutive monthly advance.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Once again, the index’s institutional component …

Good News: ABI Back In Positive Territory

March 23, 2017

The Architecture Billings Index (ABI) returned to positive territory in February, posting a score of 50.7 and showing a significant advance from January’s score of 49.5.
The ABI, compiled each month by the American Institute of Architects, reflects the approximate 9 to 12 month lead time between architecture billings and construction spending. It is considered …

Dodge Momentum Index Advances Again

March 8, 2017

The Dodge Momentum Index rose 1.6 percent in February, marking its fifth consecutive monthly advance.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Institutional planning jumped 4.4 percent in …

January’s ABI Sends Mixed Signals

February 22, 2017

The Architecture Billings Index (ABI) delivered a mixed message to start the new year, with January’s reading coming in at 49.5, well below December’s 55.9.
The ABI is an indicator of future construction spending, as design services typically foretell new projects with a lead time of nine-to-12 months. Any ABI score above 50 indicates a rise …

Strong Start To 2017 For DMI

February 9, 2017

The new year is off to a good start with the Dodge Momentum Index rising 3.9 percent in January.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports have been shown to lead construction spending for nonresidential buildings by a full year.
Institutional …

Architectural Billings Index Ends 2016 On High Note

January 23, 2017

The Architectural Billings Index bid a sweet farewell to 2016, with December’s 55.9 reading showing a sharp increase from November’s 50.6 and reflecting a third consecutive month of growth in design billings.
Since design services typically lead to new projects, the ABI is an indicator of future construction spending. Although all scores above 50 indicate …

Dodge Momentum Index at Eight-Year High

January 10, 2017

The Dodge Momentum Index jumped in December to end the year on an eight-year high.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. They have been shown to lead construction spending for nonresidential buildings by a full year.
The Index advanced 2.9 percent in …

Architecture Billings Index Advances In November

December 21, 2016

For the second month in a row, the Architecture Billings Index showed a small increase in demand for design services.
Following the contraction revealed in August and September’s Index readings, November’s 50.6 showed little change from October’s 50.8. 
The ABI reflects the nine-to-12-month lead time between architecture billings and construction spending. Any score above …

More Good News On The Economic Front

December 8, 2016

For the tenth time in the past 12 months, the Dodge Momentum Index advanced, rising 0.3 percent in November.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports have been shown to lead construction spending for nonresidential buildings by a full year.
Overall, …