Architecture Billings Take a Downturn
September 18, 2019
“Substantial Decline” for August Billings
The Architecture Billings Index score for August was 47.2, falling 2.9 points from the July score of 50.1. Billings remained in the negative for all regions except for the West.
“The sizable drop in both design billings and new project activity, coming on the heels of six months of disappointing growth in billings, suggests that the design expansion that began in mid-2012 is beginning to face headwinds,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
The project inquiries index lowered from 54.9 to 54.5; the design contracts index was down from 49 to 47.9.
Baker added, “Currently, the weakness is centered at firms specializing in commercial/industrial facilities as well as those located in the Midwest. However, there are fewer pockets of strength in design activity now, either by building sector or region than there have been in recent years.”
Dodge Momentum Index Lowers in August
September 9, 2019
DMI Drops 1.3% in August
The Dodge Momentum Index lost 1.3% in August, scoring 137.8. This was a 1.8 point decline from the revised July score of 139.6.
The commercial component of the score increased 9.1% since July but …
Architecture Billings Relatively Flat in July
August 21, 2019
ABI Up Slightly; Design Contracts Weaken
The Architecture Billings Index score for July was 50.1, gaining one point from the June score of 49.1. Billings abated in all regions except for the West, and the design contracts index dropped into …
Dodge Momentum Index Drops in July
August 12, 2019
Institutional Pullback Leads DMI Decline
The Dodge Momentum Index dropped 4.6% in July to land at 138.9. This was a 6.7 point decline from the revised June score of 145.6. The institutional component led the drop, retreating by 10.2%, …
AAMA & IGMA to Merge
August 7, 2019
The American Architectural Manufacturers Association (AAMA) and the Insulating Glass Manufacturers Alliance (IGMA) are merging into a single entity which will be named the Fenestration and Glazing Industry Alliance (FGIA).
Discussions to form the new group were announced last year …
Architecture Billings Soften in June
July 17, 2019
ABI: 10-Month & 10-Year Lows in June
The Architecture Billings Index dropped 1.1 point, moving from 50.2 to 49.1 for the month of June. A score below 50 indicates a decrease in billings.
“With billings declining or flat for …
Dodge Momentum Index Moves Up in June
July 9, 2019
DMI Averages 4.3% Lower Than First Half of 2018
The Dodge Momentum Index rose 4.0% in June. Last month’s score was 146.1, up 5.6 points from the revised May reading of 140.5. The institutional component gained 6.1% while the …
Architecture Billings Anemic in May
June 21, 2019
Little Movement for ABI in May
Following a 2.7 point uptick in April, the ABI decreased by just 0.3 points, moving from 50.5 to 50.2 for the month of May. Despite the lower number, any score above 50 indicates …
Dodge Momentum Index Drops in May
June 7, 2019
Commercial Planning Down, Institutional Planning Up
The Dodge Momentum Index was lower last month following a retreat in April. The May score was 141.0, down 1.0% from the revised April score of 142.4.
Dodge Data & Analytics attributed the …
ABI Inches Back Into Positive Territory in April
May 23, 2019
Billings Increased Slightly Last Month
After dropping 2.5 points in March, the ABI rebounded by 2.7 points to land at 50.5 for the month of April.
“In contrast to 2018, conditions throughout the construction sector recently have become more …