August ABI Rebounds
September 20, 2018
Firms in the South Leading Growth
The Architecture Billings Index score for August was 54.2, up from July’s reading of 50.7. Any score above 50 indicates growth in billings.
“Billings at architecture firms in the South continue to lead the healthy increase in design activity that we’ve seen across the profession in recent months,” said American Institute of Architects Chief Economist Kermit Baker describing the August numbers. The sector breakdown showed multi-family residential projects leading over institutional and commercial activity.
The project inquiry index was 58.0, down from the previous month’s score of 60.5. The new design contracts index decreased from 53.8 to 49.6.
Baker added, “Nationally, growth across all building sectors remains solidly positive.”