Architecture Billings Continue Pullback

May 20, 2020

Billings Further Decline in April

The Architecture Billings Index score for April was 29.5, dropping another 3.8 points from the March score of 33.3.

“With the dramatic deceleration that we have seen in the economy since mid-March, it’s not surprising that businesses and households are waiting for signs of stability before proceeding with new facilities,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.

The project inquiries index was 28.4. The design contracts index was 27.6.

Baker added, “Once business activity resumes, demand for design services should pick up fairly quickly. Unfortunately, the precipitous drop in demand for design services will have lasting consequences for some firms.”

Dodge Momentum Index Stumbles in April

May 8, 2020

Commercial & Institutional Planning Down in April
The Dodge Momentum Index dropped by 6.0% in April, scoring 135.9. This was down from the revised March reading of 144.5.
Both the commercial and institutional components were down by 7.6% and 3.2% …

Plant Upgrades in April

May 7, 2020

“Plant Upgrades in April”
Despite operating with a limited staff for the last 7 weeks,  we used our time and resources at Graham wisely to make a number of improvements to our operations while maintaining a safe work environment.  We …