Billings Down Slightly, Remain Healthy

July 20, 2022

Billings Down Slightly, Remain Healthy

The Architecture Billings Index score for June was 53.2, dipping less than a point from the May register of 53.5. The Project Inquiries index was 58.2, down from 63.9. The Design Contracts index scored 52.2, down from 56.9. Scores above 50 indicate increased demand for design services.

“Ongoing project activity at architecture firms as well as new work coming online remains strong, pushing project backlogs up to seven months on average nationally,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD.

Regional averages for June, 2022:

May June
West 59.3 57.8
South 52.3 51.5
Midwest 56.8 54.8
Northeast 51.4 48.7

Sector index breakdown for June, 2022:

May June
Commercial/industrial 57.7 52.5
Mixed practice 56.2 52.8
Multi-family residential 54.5 52.6
Institutional 51.7 53.5

Baker continued, “In spite of heavy workloads, employment at architecture firms has stabilized, suggesting that adding new employees is becoming even more challenging as the building construction sector continues to recover.”

For more information about the Architectural Billings Index, visit the AIA website.

Getting Traction in Cincinnati

July 14, 2022

Getting Traction in Cincinnati
The building on the corner of West Fourth and Elm Streets in Cincinnati has seen a lot of use, and thanks to recent development in this historic neighborhood its future is looking brighter than ever.
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DMI Inches to 14-Year High in June

July 11, 2022

DMI Inches to 14-Year High in June
The Dodge Momentum Index grew less than a percentage point in June moving to 173.6. This was up from the revised May score of 173.1. While the gain was slight, the Index reached …