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.
American Institute of Architects / October 22, 2014
With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI score was 55.2, up from a mark of 53.0 in August. This score reflects an increase in design activity (any score above 50 indicatesRead More
Caroline Massie / ARCHITECT / September 24, 2014
The strong demand for design services continued into August, according to the latest Architecture Billings Index (ABI) released by the AIA today. In July, the ABI reached its highest mark since 2007. Following that peak, August scores overall didn’t look quite as good, but still reflect a second month of sustained growth.
The August ABI score was 53.0—down from July’s 55.8. Although deflated by nearly three points, this marks the fourth consecutive month of growth. Scores above 50 indicate an increase in billings, whereas a score below 50 reflects contractions.
The new project inquiriesRead More
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’sRead More
Greig O'Brien / ARCHITECT / September 18, 2013
Five years after the world economy melted down, the AIA’s Architecture Billings Index for August shows that growth might be here to stay.
Last weekend was the five-year anniversary of the collapse of Lehman Brothers, an event that kicked off the sinking of the world economy into recession and to the brink of worldwide depression. For the past week, media commentators have been remembering the harried months that followed, which seemed like the end of days at the time. (One good example is Neil Irwin’s walk down memory lane for the Washington Post.) But now, for many, the memory of thoseRead More
Greig O'Brien / ARCHITECT / August 21, 2013
The AIA’s Architecture Billings Index for July is firing on all cylinders.
The Architecture Billings Index for July, released today by the American Institute of Architects, shows that the market for design and construction services continues its steady and sustained recovery. With a national billings score of 52.7, more than a full point higher than June’s 51.6, demand for architectural services picked up even more steam last month. (Being an index, any score over 50 means that demand increased, and any score under 50 means that the industry contracted.) Except for one small bump in theRead More