Billings Stalled in October
November 19, 2020
Pace of Decline Relatively Flat
The Architecture Billings Index score for October was 47.5, gaining just half a point from the September reading.
“Though still in negative territory, the moderating billings score along with the rebound in design contracts and inquiries provide some guarded optimism,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
In October the project inquiries index was 59.1, up from 57.2 the previous month. The design contracts index was 51.7, up from 48.9.
Regional averages all made gains in October.
Baker added, “The pace of recovery will continue to vary across regions and sectors.”
Dodge Momentum Index Drops in October
November 9, 2020
DMI Drops in October
The Dodge Momentum Index dropped 1.8% in October, moving to 127.5. This was down from the revised September reading of 129.8. The commercial component of the index was down 4.4%. The institutional component was up 3.3%.