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Architecture Billings Index Reaches Highest Score in Seven Years
Caroline Massie / ARCHITECT / August 20, 2014
Things are looking good in the design and construction industry, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA), which reported that the July ABI score was 55.8, up from 53.5 in June, and the highest mark since 2007. (An index score above 50 indicates growth, whereas a score below 50 indicates contraction.) July’s score marks the third consecutive month of growth, breaking the recent ABI pattern of two months of progress after two months of contractions.
The new projects inquiry index was 66.0, barely below June’s score of 66.4. Scores in this category have consistently remained above 50 since February 2009.
AIA’s newest metric follows the trends in new design contracts, which can signal the future direction of architecture billings. July’s score was 54.9—down from the peak last month at 55.7, which was the category’s highest value since the AIA started using the metric in October 2010.