Architecture Billings Relatively Flat in July
August 21, 2019
ABI Up Slightly; Design Contracts Weaken
The Architecture Billings Index score for July was 50.1, gaining one point from the June score of 49.1. Billings abated in all regions except for the West, and the design contracts index dropped into the negative for the first time in nearly a year.
“The data is not the same as what we saw leading up to the last economic downturn but the continued, slowing across the board will undoubtedly impact architecture firms and the broader construction industry in the coming months,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
The project inquiries index increased from 52.8 to 54.9; the design contracts index lost 1.3 points, landing at 49.0.
Baker added, “A growing number of architecture firms are reporting that the ongoing volatility in the trade situation, the stock market, and interest rates are causing some of their clients to proceed more cautiously on current projects.”
Dodge Momentum Index Drops in July
August 12, 2019
Institutional Pullback Leads DMI Decline
The Dodge Momentum Index dropped 4.6% in July to land at 138.9. This was a 6.7 point decline from the revised June score of 145.6. The institutional component led the drop, retreating by 10.2%, …
AAMA & IGMA to Merge
August 7, 2019
The American Architectural Manufacturers Association (AAMA) and the Insulating Glass Manufacturers Alliance (IGMA) are merging into a single entity which will be named the Fenestration and Glazing Industry Alliance (FGIA).
Discussions to form the new group were announced last year …
Former Cadillac Showroom Vrooms Back to Life
August 2, 2019
The nearly 100-year-old building at 6001 Cass Avenue, Detroit, Michigan will soon assume a new identity and Graham is proud to provide more than 870 windows to this beautiful adaptive rehabilitation project.
Built in 1920, the structure was originally known …