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
American Institute of Architects / November 20, 2013
Following three months of accelerating demand for design services, the Architecture Billings Index (ABI) reflected a somewhat slower pace of growth in October. 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 October ABI score was 51.6, down from a mark of 54.3 in September. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiryRead More
Greig O'Brien / ARCHITECT / October 24, 2013
Demand for architectural design services continued to increase in September, according to the Architecture Billings Index survey conducted each month by the American Institute of Architects. At 54.3, the September score—up from 53.8 in August—shows a continued acceleration of billings and work for architecture firms. In each of the past four months, the score has come in slightly higher each time. (Scores above 50 indicate industry growth and below 50 indicate industry contraction.)
While billings are accelerating, project inquiries cooled off ever-so-slightly. At 58.6, theRead More
Greig O'Brien / ARCHITECT / July 24, 2013
In June, the American Institute of Architects’ Architecture Billings Index saw a continuation of what we reported in May—a return to growth in the demand for architectural design services. April had seen the first dip into negative territory for the index in nine months, which now seems for certain to be an outlier. With a national score of 51.6, down from May’s 52.9, June’s overall rate of growth did cool off a little, but the industry is still on the rise. (A score above 50.0 in the index means that demand is increasing; below 50.0 means that demand is contracting.)
But the slight softeningRead More
Greig O'Brien / ARCHITECT / May 22, 2013
The AIA’s Architecture Billings Index shows contraction and signs of weakness in the design and construction industry.
In April, the American Institute of Architects’ Architecture Billings Index marked the first negative month of growth in the demand for architectural design services in nine months. With a national score of 48.6, down more than three full points from March’s score of 51.9, the architecture industry is seeing the first significant soft patch, spanning across all regions and industry sectors, in nearly a year. (A score above 50.0 in the index means that demand is increasing;Read More