Architecture Billings Slow in September
October 24, 2018
Midwest and Southern activity lead in billings
While growth remained positive for the twelfth consecutive month, architecture billings slowed in September.
The Architecture Billings Index (ABI) score for September was 51.1, down 3.1 points from the previous month. Any score above 50 indicates growth in billings.
“Similar to the strong conditions we’ve seen nationally, architecture firms located in the Midwest and Southern regions of the country continued to report very strong billings in September,” said American Institute of Architects Chief Economist Kermit Baker.
The project inquiry index was 58.8, up from the previous month’s score of 58. The design contracts index increased from 49.6 to 54.1.
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Historic project puts Graham’s expertise on display
The building at 1400 Woodward Avenue in Detroit has been around for a while. Now, thanks to a historic conversion project by luxury goods brand Shinola Detroit, LLC and partners, it …
Dodge Momentum Index Lower in September
October 8, 2018
Construction Activity Drops for Second Consecutive Month
The Dodge Momentum Index was 159.5 in September, dropping 2.6% from the revised August reading of 163.7.
The commercial component fell 4.3% and institutional activity was down 0.1%.
Despite the decline, the …