Architecture Billings Remain Stalled in August
September 23, 2020
ABI Unchanged in August
The Architecture Billings Index score for August remained at 40.0 as it was in July and June.
“Unfortunately, since the start of the COVID-19 pandemic, many architecture firms are finding fewer inquiries that convert to billable projects,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD.
In August the project inquiries index was 51.6, up from 49.1. The design contracts index was 46.0, up from 41.7.
Regional averages made slight gains except in the Northeast.
Baker added, “While fewer firms reported declining billings in August than during the early months of the COVID-19 pandemic, the fact that the score has been unchanged for the last three months shows that the recovery from this downturn is not progressing at the pace we had hoped to see.”
Courier Square – Charleston, SC.
September 10, 2020
Accolades for Courier Square
Courier Square, the gateway to downtown Charleston’s Peninsula district, is part of a larger multi-phase redevelopment project. It is composed of two distinct buildings, an office building along Meeting Street and a residential building at Columbus …
Dodge Momentum Index Posts Modest Gain
September 8, 2020
Institutional Planning Still Struggling
The Dodge Momentum Index gained 1.8% in August, moving to 126.5. This was up from the revised July reading of 124.2.
The commercial component of the index was up 3.3% while the institutional component lost 1.2%.