Contract - Architecture Billings Bounce Back in May

design news



Architecture Billings Bounce Back in May

19 June, 2014

-By Holly O'Dell


After several months of contraction, the Architecture Billings Index (ABI) from the American Institute of Architects (AIA) is reporting an increase in demand for design services. The May ABI rose three points from April to 52.6, reflecting a jump in design activity. New project inquiries also rose to 63.2, up from 59.1 the previous month. The score for design contracts, ABI’s newest indicator signaling the direction of future architecture billings, was 52.5 in May.

“Volatility continues to be the watchword in the design and construction markets, with firms in some regions of the country, and serving some sectors of the industry, reporting strong growth, while others are indicating continued weakness,” AIA chief economist Kermit Baker said in a statement. “However, overall, it appears that activity has recovered from the winter slump, and design professions should see more positive than negative numbers in the coming months.”

The commercial/industrial sector posted a positive reading of 53.6, with mixed practice coming in at 50.4. Institutional projects had the lowest sector score with 47.3. The South led all regions at 58.1, followed by the Midwest (51.3), Northeast (47.6), and West (46.9).



Architecture Billings Bounce Back in May

19 June, 2014


After several months of contraction, the Architecture Billings Index (ABI) from the American Institute of Architects (AIA) is reporting an increase in demand for design services. The May ABI rose three points from April to 52.6, reflecting a jump in design activity. New project inquiries also rose to 63.2, up from 59.1 the previous month. The score for design contracts, ABI’s newest indicator signaling the direction of future architecture billings, was 52.5 in May.

“Volatility continues to be the watchword in the design and construction markets, with firms in some regions of the country, and serving some sectors of the industry, reporting strong growth, while others are indicating continued weakness,” AIA chief economist Kermit Baker said in a statement. “However, overall, it appears that activity has recovered from the winter slump, and design professions should see more positive than negative numbers in the coming months.”

The commercial/industrial sector posted a positive reading of 53.6, with mixed practice coming in at 50.4. Institutional projects had the lowest sector score with 47.3. The South led all regions at 58.1, followed by the Midwest (51.3), Northeast (47.6), and West (46.9).
 


Post a Comment
Asterisk (*) is a required field.
*Username: 
*Rate This Article: (1=Bad, 5=Perfect)

*Comment:
 




follow us

advertisement


advertisement






advertisement


advertisement




Contract Magazine is devoted to highlighting creative interior design trends and ideas that are shaping the industry on a daily basis. Contract is proud to provide you with the most comprehensive coverage of commercial interior design products and resources that procure uniqueness when designing a space. Contract is the modern interior design magazine that recognizes fresh interior design ideas and projects powerful interior design resources.

 

Contract Magazine Home | Interior Design News | Interior Planning Products | Interior Design Research | Interior Design Competitions | Interior Design Resources | Interactive Interior Designing | Digital/Print Versions | Newsletter | About Us | Contact Us | Advertising Opportunities | Subscriber FAQs | RSS | Sitemap

© Emerald Expositions 2014. All rights reserved. Terms of Use | Privacy Policy