Another month has brought a positive report on design activity. The Architecture Billings Index (ABI) has reached its second highest level in 2013 with a September score of 54.3, an increase over the 53.8 mark in August. A score above 50 indicates an increase in billings.
Interest in new projects did not match the pace of billings, however. The American Institute of Architects
(AIA) reports that the new projects inquiry index took a dive from 63.0 in August to a reading of 58.6 last month.
“In addition to new approaches to business challenges, a very competitive marketplace, the utilization of new technologies, and a renewed focus on efficiency have architecture firms realizing all-time highs in workplace productivity, and these new efficiencies can greatly benefit clients from a project timeline and budget standpoint,” AIA chief economist Kermit Baker, Hon. AIA, said in a statement.
From a regional standpoint, the West came out on top with a score of 60.6, followed by the South (54.1), Midwest (51.0), and Northeast (50.7). Posting a mark of 57.9, commercial/industrial led the way among sectors. Multi-family residential (55.6), mixed practice (55.4), and institutional (50.4) rounded out the remaining categories.