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.
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
Greig O'Brien / ARCHITECT / June 19, 2013
After a month of contraction, the AIA’s Architecture Billings Index shows growth again in the design and construction industry.
In May, the American Institute of Architects’ Architecture Billings Index marked a return to growth in the demand for architectural design services. April saw the first dip into negative territory for the index in nine months, which appears for now to have been an outlier. With a national score of 52.9, up more than four full points from March’s score of 48.6, the architecture industry saw a significant reversal of fortune. (A score above 50.0 in the index meansRead More
Greig O'Brien / ARCHITECT / April 24, 2013
The AIA’s Architecture Billings Index shows continued strength in the design and construction industry.
In March, the American Institute of Architects’ Architecture Billings Index marked its eighth consecutive month of growth in the demand for architectural design services. While the national score of 51.9 is down three full points from February’s score of 54.9, the architecture industry is still seeing continued strength nationwide, and across all regions and industry sectors. (A score above 50.0 in the index means that demand is increasing.)
The score for project inquiriesRead More