News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
ABI Up for Seventh Straight Month
Greig O'Brien / ARCHITECT / March 20, 2013
The AIA’s Architecture Billings Index shows continued strength in the design and construction industry.
In February, the American Institute of Architects’ Architecture Billings Index marked its seventh consecutive month of growth in the demand for architectural design services. With a national score of 54.9, up from January’s score of 54.2, the architecture industry is seeing continued strength and a higher rate of growth of billings than it has seen since the bubble burst five years ago. (A score above 50.0 in the index means that demand is increasing.)
The score for project inquiries came in at 64.8, which is also up from the January score of 63.2. Project inquiries have now been growing for more than four years straight, after a shaky 2008.
February was another good month for the architectural profession, which has been rolling for half a year. The 54.9 score for billings is the highest score, meaning the fastest rate of growth, since November 2007, which also saw a score of 54.9. The seven-month run of billings scores above 50 is the longest such run since 2007. The 64.8 for project inquiries is the highest score since January 2007.