Architecture Billings Index Continues Upward March

June 22, 2017

The Architecture Billings Index showed an increase in billings for the fourth consecutive month, bringing another boost in optimism to the architecture and construction industries.

The Index, reported by the American Institute of Architects, came in at 53 for May, up from April’s reading of 50.9.

Any score above 50 indicates an increase in billings for design services. In other good news, the new projects inquiry sub-index registered a 62.4, up from April’s 60.2, and the new design contracts sub-index scored a 54.8, showing a bump from April’s 50.9.

AIA Chief Economist Kermit Baker, Hon. AIA, PhD, put the numbers into perspective, saying, “The fact that the data surrounding both new project inquiries and design contracts have remained positive every month this year, while reaching their highest scores for the year, is a good indication that both the architecture and construction sectors will remain healthy for the foreseeable future. This growth hasn’t been an overnight escalation, but rather a steady, stable increase.”

May’s regional averages came in at south, 56.1; west, 52.3; Midwest, 50.4; and northeast, 46.5. And the sector index breakdown was as follows: mixed practice, 55.8; multi-family residential, 51.3; commercial / industrial, 51.2; and institutional, 51.2.

 

Graham Sponsors Continuing Ed Course on Hurricane-Resistant Windows and Doors

June 14, 2017

A new AIA accredited continuing education course on hurricane-resistant windows and doors is now available online, courtesy of Graham Architectural Products.
The Graham-sponsored course, titled “Shelter from the Storm,” originally appeared in Architectural Record’s May, 2017 issue.
The course does a thorough job of explaining the stringent standards that hurricane-resistant windows and doors must satisfy, …

Dodge Momentum Index Registers May Jump

June 9, 2017

Led by a burst in the commercial component, the Dodge Momentum Index jumped 4 percent in May.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These have been shown to lead construction spending by 9 to 12 months.
May’s advance, coming on the heels …

More Good News on Economic Front

May 25, 2017

Demand for design services at the nation’s architecture firms continued to grow in April, although at a slower pace than in March.
The Architecture Billings Index (ABI) showed an increase in design revenue for April, marking its third consecutive month of growth. However, while April’s reading came in at 50.9 – any score above 50 …

Dodge Momentum Index Incurs Dip In April

May 8, 2017

An off month in the Institutional sector led to dip in the Dodge Momentum Index for April.
The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning. These reports have been shown to lead construction spending for nonresidential buildings by a full year.
The Index fell 5.1% in …

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 …

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 …