Architecture Billings Soften in June
July 17, 2019
ABI: 10-Month & 10-Year Lows in June
The Architecture Billings Index dropped 1.1 point, moving from 50.2 to 49.1 for the month of June. A score below 50 indicates a decrease in billings.
“With billings declining or flat for the last five months, it appears that we are settling in for a period of soft demand for design services,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
The project inquiries index decreased from 56.2 to 52.8; the design contracts index lost only 0.6 points, landing at 50.3.
Baker added, “With the new design contracts score reaching a 10-month low and the project inquiries score hitting a 10-year low, work in the pipeline may start to get worked off, despite current robust backlogs.”
UPDATE: 49-51 Chambers Street
July 15, 2019
We’re excited to share some new photography of the landmark building at 49-51 Chambers Street New York, NY.
Graham provided over a thousand windows for the project. Included are the S2200 Historic Double Hung, S6800 In-swing Casement, S1400 …
Dodge Momentum Index Moves Up in June
July 9, 2019
DMI Averages 4.3% Lower Than First Half of 2018
The Dodge Momentum Index rose 4.0% in June. Last month’s score was 146.1, up 5.6 points from the revised May reading of 140.5. The institutional component gained 6.1% while the …