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
Caroline Massie / Architect / June 18, 2014
The design industry snapped out of a two-month decline with a three-point jump in the AIA’s Architecture Billings Index (ABI) last month. The AIA reported the May ABI score was 52.6, up considerably from April’s score of 49.6. (An index score above 50 indicates growth, whereas a score below 50 indicates contraction.)
The score for the new projects inquiries has been steadily increasing for the past four months. May’s value was 63.2, up from 59.1 in April. The numbers in this category have been in positive territory (over the 50-point line) since February 2009.
The score for designRead More