Archinect - News 2016-12-03T21:02:58-05:00 http://archinect.com/news/article/149978830/architecture-billings-index-in-october-improves-modestly-after-two-month-contraction Architecture Billings Index in October improves modestly after two-month contraction Alexander Walter 2016-11-16T13:52:00-05:00 >2016-11-22T22:47:51-05:00 <img src="http://cdn.archinect.net/images/650x/7b/7be22fv3x8lgt5k4.jpg" width="650" height="393" border="0" title="" alt="" /><em><p>After seeing consecutive months of contracting demand for the first time in four years, the Architecture Billings Index (ABI) saw a modest increase demand for design services. [...] (AIA) reported the October ABI score was 50.8, up from the mark of 48.4 in the previous month. This score reflects a slight increase in design services (any score above 50 indicates an increase in billings). &nbsp;The new projects inquiry index was 55.4, down sharply from a reading of 59.4 the previous month.</p></em><br /><br /><p><em>&ldquo;There was a collective sense of uncertainty throughout the design and construction industry leading up to the presidential election,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &nbsp;&ldquo;Hopefully we&rsquo;ll get a sense of what direction we will be headed once we get a clearer read on how the new administration&rsquo;s policies might impact the overall economy as well as the construction industry.&rdquo;</em></p><p>The AIA reports these key ABI highlights for the month of October:</p><ul><li>Regional averages: South (53.7), West (49.7), Northeast (47.3) Midwest (46.8)</li><li>Sector index breakdown: &nbsp;multi-family residential (51.2) commercial / industrial (49.8), mixed practice (49.5), institutional (49.1)</li><li>Project inquiries index: 55.4</li><li>Design contracts index: 48.7</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/xq/xq2vjr9bgt29c3n2.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/4q/4q6q44cq1phgc8vb.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/po/poa5srtqxibk74br.jpg"></p><p><em>All graphs represent data from October 2015-October 2016, images via&nbsp;via aia.org.</em></p><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149974373/architecture-billings-index-declines-further-reflecting-uncertainty-over-u-s-presidential-election" rel="nofollow" target="_blank">Architecture Billings Index declines further; reflecting uncertainty over U.S. presidential election</a></li><li><a href="http://archinect.com/news/article/149969755/architecture-billings-index-in-august-dips-below-50-overall-outlook-reported-as-positive" rel="nofollow" target="_blank">Architecture Billings Index in August dips below ...</a></li></ul> http://archinect.com/news/article/149975149/third-runway-at-heathrow-gets-the-go-ahead Third runway at Heathrow gets the go-ahead Ellen Hancock 2016-10-25T12:30:00-04:00 >2016-11-04T00:02:09-04:00 <img src="http://cdn.archinect.net/images/650x/4a/4af9d1fea797152c5405a697d041c75f.jpg" width="650" height="365" border="0" title="" alt="" /><em><p>Ministers approved the long-awaited decision at a cabinet committee meeting on Tuesday. Transport Secretary Chris Grayling called the decision "truly momentous" and said expansion would improve the UK's connections with the rest of the world and support trade and jobs. Although Heathrow has always been the favourite among businesses, it has attracted the most opposition from MPs with constituencies near the airport or under flight paths.</p></em><br /><br /><p>The expansion which had been publicly opposed by Mayor of London, Sadiq Khan, Tory MP for Richmond Park, Zac Goldsmith and Foreign Secretary, Boris Johnson has been widely debated for years.</p><p>Funded with private sector cash the new runway will cost &pound;17.6 billion but provide 260,000 more flights with an estimated boost of &pound;147 billion to the economy over 60 years. However, construction is unlikely to begin until 2020 at the earliest.&nbsp;</p><p>Read more about Heathrow and UK aviation projects here:&nbsp;</p><ul><li><a href="http://uk.archinect.com/news/article/149961409/will-brexit-kill-405b-worth-of-infrastructure-projects" rel="nofollow" target="_blank">Will Brexit kill &pound;405B worth of infrastructure projects?</a></li><li><a href="http://uk.archinect.com/news/article/149960849/expansion-of-london-city-airport-granted-planning-permission" rel="nofollow" target="_blank">Expansion of London City Airport granted planning permission</a></li><li><a href="http://uk.archinect.com/news/article/149958796/grimshaw-chosen-to-design-heathrow-s-new-terminal" rel="nofollow" target="_blank">Grimshaw chosen to design Heathrow's new terminal</a></li><li><a href="http://uk.archinect.com/news/article/149955508/after-brexit-the-priority-for-the-government-at-this-time-will-not-be-big-sexy-projects" rel="nofollow" target="_blank">After Brexit, &ldquo;the priority for the government at this time will not be big sexy projects&rdquo;</a></li><li><a href="http://uk.archinect.com/news/article/149946366/benoy-announced-in-heathrow-shortlist-for-terminal-of-the-future-expansion" rel="nofollow" target="_blank">Benoy Announced in Heathrow Shortlist for Terminal of the Future Expansion</a></li></ul> http://archinect.com/news/article/149974373/architecture-billings-index-declines-further-reflecting-uncertainty-over-u-s-presidential-election Architecture Billings Index declines further; reflecting uncertainty over U.S. presidential election Alexander Walter 2016-10-19T14:42:00-04:00 >2016-10-25T23:34:00-04:00 <img src="http://cdn.archinect.net/images/650x/c0/c0ox1td61zx4oqkv.jpg" width="650" height="400" border="0" title="" alt="" /><em><p>For the first time since the summer of 2012, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services. [...] The American Institute of Architects (AIA) reported the September ABI score was 48.4, down from the mark of 49.7 in the previous month. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). &nbsp;The new projects inquiry index was 59.4, down from a reading of 61.8 the previous month.</p></em><br /><br /><p><em>&ldquo;This recent backslide should act as a warning signal,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &nbsp;&ldquo;But this drop-off in demand could be continued hesitancy in the marketplace to move forward on projects until the presidential election is decided. The fact that new work coming into architecture continues to slowly increase suggests that billings will resume their growth in the coming months.&rdquo;</em></p><p>The AIA reports these key ABI highlights for the month of September:</p><ul><li>Regional averages: South (53.4), Midwest (50.1), West (49.5), Northeast (44.0)</li><li>Sector index breakdown:commercial/industrial (50.4), mixed practice (49.8), institutional (49.0), multi-family residential (48.8)</li><li>Project inquiries index: 59.4</li><li>Design contracts index: 51.4</li></ul><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149969755/architecture-billings-index-in-august-dips-below-50-overall-outlook-reported-as-positive" rel="nofollow" target="_blank">Architecture Billings Index in August dips below 50, overall outlook reported as positive</a></li><li><a href="http://archinect.com/news/article/149963790/architecture-billings-index-in-july-remains-in-positive-terrain-but-higher-volatility-expected-due-to-u-s-presidential-election" rel="nofollow" target="_blank">Architecture Billings Index in July remains in positive terrain but higher volatility expected due to U.S. presidential election...</a></li></ul> http://archinect.com/news/article/149973355/is-vancouver-s-15-tax-on-overseas-buyers-helping-to-cool-the-housing-market Is Vancouver's 15% tax on overseas buyers helping to cool the housing market? Alexander Walter 2016-10-12T14:22:00-04:00 >2016-10-15T22:52:28-04:00 <img src="http://cdn.archinect.net/images/650x/rv/rvwhm3ufqsuvqoaw.jpg" width="650" height="294" border="0" title="" alt="" /><em><p>There is a city which is suffering a worse property bubble than Sydney, whose residents are more priced-out than Londoners, and where there is a greater divide between the housing haves and have-nots than even San Francisco. That city is Vancouver, and in response to these mounting challenges, the west-coast Canadian metropolis recently imposed an extraordinary new tax on foreign buyers &ndash; whose impact is now being watched closely by other cities grappling with bloated property markets.</p></em><br /><br /><p>Related stories in the Archinect news:</p><ul><li><a href="http://archinect.com/news/article/149971225/mayor-of-london-launches-probe-into-the-impact-of-foreign-investment-in-city-s-real-estate" rel="nofollow" target="_blank">Mayor of London launches probe into the impact of foreign investment in city's real estate</a></li><li><a href="http://archinect.com/news/article/126953722/another-case-of-poor-door-for-proposed-vancouver-high-rise" rel="nofollow" target="_blank">Another case of "poor door" for proposed Vancouver high-rise</a></li><li><a href="http://archinect.com/news/article/137194843/can-vancouver-break-out-of-its-boring-architecture-mold-with-these-new-ambitious-skyscrapers" rel="nofollow" target="_blank">Can Vancouver break out of its 'boring-architecture' mold with these new ambitious skyscraper</a></li></ul> http://archinect.com/news/article/149969755/architecture-billings-index-in-august-dips-below-50-overall-outlook-reported-as-positive Architecture Billings Index in August dips below 50, overall outlook reported as positive Alexander Walter 2016-09-21T13:38:00-04:00 >2016-09-28T23:27:28-04:00 <img src="http://cdn.archinect.net/images/650x/no/novldair2rz9ru4a.jpg" width="650" height="447" border="0" title="" alt="" /><em><p>On the heels of six out of seven months of increasing levels of demand for design services, the Architecture Billings Index (ABI) fell just below the positive mark. [...] (AIA) reported the August ABI score was 49.7, down from the mark of 51.5 in the previous month. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.8, up sharply from a reading of 57.5 the previous month.</p></em><br /><br /><p><em>&ldquo;This is only the second month this year where demand for architectural services has declined and it is only by a fraction of a point,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &nbsp;&ldquo;Given the solid numbers for new design contracts and project inquiries, it doesn&rsquo;t appear that this is the beginning of a broader downturn in the design and construction industry.&rdquo;</em></p><p>The AIA reports these key ABI highlights for the month of August:</p><ul><li>Regional averages: South (55.2), Midwest (52.8), West (49.0), Northeast (44.9)</li><li>Sector index breakdown: mixed practice (51.8), multi-family residential (50.9), commercial / industrial (50.8), institutional (50.7)</li><li>Project inquiries index: 61.8</li><li>Design contracts index: 52.7</li></ul><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149963790/architecture-billings-index-in-july-remains-in-positive-terrain-but-higher-volatility-expected-due-to-u-s-presidential-election" rel="nofollow" target="_blank">Architecture Billings Index in July remains in positive terrain but higher volatility expected due to U.S. presidential election</a></li><li><a href="http://archinect.com/news/article/149958838/architecture-billings-index-in-june-positive-for-fifth-consecutive-month" rel="nofollow" target="_blank">Architecture Billings Index in June positive for fifth consecutive month</a></li><li><a href="http://archinect.com/news/article/149953248/architecture-billings-index-reaches-highest-score-in-nearly-a-year" rel="nofollow" target="_blank">Architecture Billings Index reaches highest score in...</a></li></ul> http://archinect.com/news/article/149963790/architecture-billings-index-in-july-remains-in-positive-terrain-but-higher-volatility-expected-due-to-u-s-presidential-election Architecture Billings Index in July remains in positive terrain but higher volatility expected due to U.S. presidential election Alexander Walter 2016-08-17T13:16:00-04:00 >2016-08-17T13:17:34-04:00 <img src="http://cdn.archinect.net/images/650x/rf/rf7icizmlzxgja0m.jpg" width="650" height="446" border="0" title="" alt="" /><em><p>The Architecture Billings Index (ABI) was positive in July for the sixth consecutive month, and tenth out of the last twelve months as demand across all project types continued to increase. &nbsp;[...] (AIA) reported the July ABI score was 51.5, down from the mark of 52.6 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). &nbsp;The new projects inquiry index was 57.5, down from a reading of 58.6 the previous month.</p></em><br /><br /><p><em>&ldquo;The uncertainty surrounding the presidential election is causing some funding decisions regarding larger construction projects to be delayed or put on hold for the time being,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &nbsp;&ldquo;It&rsquo;s likely that these concerns will persist up until the election, and therefore we would expect higher levels of volatility in the design and construction sector in the months ahead.&rdquo;</em></p><p>Key ABI highlights for the month of July were reported by the AIA as:</p><ul><li>Regional averages: South (56.9), Midwest (50.1), Northeast (49.3), West (49.2)</li><li>Sector index breakdown: multi-family residential (55.2), institutional (50.7), mixed &nbsp; &nbsp; practice (50.5), commercial / industrial (50.3)</li><li>Project inquiries index: 57.5</li><li>Design contracts index: 51.8</li></ul><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149958838/architecture-billings-index-in-june-positive-for-fifth-consecutive-month" rel="nofollow" target="_blank">Architecture Billings Index in June positive for fifth consecutive month</a></li><li><a href="http://archinect.com/news/article/149953248/architecture-billings-index-reaches-highest-score-in-nearly-a-year" rel="nofollow" target="_blank">Architecture Billings Index reaches highest score in nearly a year</a></li><li><a href="http://archinect.com/news/article/149945983/architecture-billings-index-displays-continued-modest-growth-in-april" rel="nofollow" target="_blank">Architecture Billings Index displays continued modest growt...</a></li></ul> http://archinect.com/news/article/149959951/aia-s-consensus-construction-forecast-projects-continued-but-moderate-growth-in-2017 AIA's Consensus Construction Forecast projects continued but moderate growth in 2017 Alexander Walter 2016-07-26T12:44:00-04:00 >2016-07-30T01:04:22-04:00 <img src="http://cdn.archinect.net/uploads/ss/ssu2js14s6s4bzru.gif" width="914" height="524" border="0" title="" alt="" /><em><p>After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months. [...] The American Institute of Architects&rsquo; (AIA) semi-annual Consensus Construction Forecast, a survey of the nation&rsquo;s leading construction forecasters, is projecting that spending will increase just less than six percent for 2016, with next year&rsquo;s projection being an additional 5.6% gain.</p></em><br /><br /><p><em>&ldquo;Healthy job growth, strong consumer confidence and low interest rates are several positive factors in the economy, which will allow some of the pent-up demand from the last downturn to go forward,&rdquo; said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. &nbsp;&ldquo;But at the same time, the slowing in the overall economy could extend to the construction industry a bit &ndash; with the biggest drop off expected in the industrial facility sector over the next year and a half.&rdquo;</em></p><p>For the full report and an interactive version of the infographic above, head over to <a href="http://new.aia.org/articles/14861-healthy-advances-forecast-for-nonresidential-building-market-through-2017" rel="nofollow" target="_blank">aia.org</a>.</p><p>Related stories in the Archinect news:</p><ul><li><a href="http://archinect.com/news/article/149958838/architecture-billings-index-in-june-positive-for-fifth-consecutive-month" rel="nofollow" target="_blank">Architecture Billings Index in June positive for fifth consecutive month</a></li><li><a href="http://archinect.com/news/article/149953248/architecture-billings-index-reaches-highest-score-in-nearly-a-year" rel="nofollow" target="_blank">Architecture Billings Index reaches highest score in nearly a year</a></li><li><a href="http://archinect.com/news/article/149945983/architecture-billings-index-displays-continued-modest-growth-in-april" rel="nofollow" target="_blank">Architecture Billings Index displays continued modest growth in April</a></li></ul> http://archinect.com/news/article/149958838/architecture-billings-index-in-june-positive-for-fifth-consecutive-month Architecture Billings Index in June positive for fifth consecutive month Alexander Walter 2016-07-20T13:08:00-04:00 >2016-08-08T14:16:08-04:00 <img src="http://cdn.archinect.net/images/650x/th/thatzpar592r4qf5.jpg" width="650" height="452" border="0" title="" alt="" /><em><p>Buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June for the fifth consecutive month. [...] The American Institute of Architects (AIA) reported the June ABI score was 52.6, down from the mark of 53.1 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.6, down from a reading of 60.1 the previous month.</p></em><br /><br /><p>The AIA reports these key ABI highlights for the month of June:</p><ul><li>Regional averages: South (55.5), West (54.1), Northeast (51.8), Midwest (48.2)</li><li>Sector index breakdown: multi-family residential (57.9), institutional (52.7), mixed practice (51.0), commercial / industrial (50.3)</li><li>Project inquiries index: 58.6</li><li>Design contracts index: 49.7</li></ul><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149953248/architecture-billings-index-reaches-highest-score-in-nearly-a-year" rel="nofollow" target="_blank">Architecture Billings Index reaches highest score in nearly a year</a></li><li><a href="http://archinect.com/news/article/149945983/architecture-billings-index-displays-continued-modest-growth-in-april" rel="nofollow" target="_blank">Architecture Billings Index displays continued modest growth in April</a></li><li><a href="http://archinect.com/news/article/149941581/architecture-billings-index-concludes-first-quarter-on-continued-positive-note" rel="nofollow" target="_blank">Architecture Billings Index concludes first quarter on continued positive note</a></li></ul> http://archinect.com/news/article/149957053/the-era-of-aspirational-pricing-is-over The era of aspirational pricing is over Nam Henderson 2016-07-11T01:39:00-04:00 >2016-07-11T01:39:55-04:00 <img src="http://cdn.archinect.net/images/650x/bx/bx1avg7zhu7z5hax.jpg" width="427" height="485" border="0" title="" alt="" /><em><p>Brokers say the very top of the market &mdash; consisting of eight- and nine-figure homes &mdash; is faring the worst as slowing economies overseas and volatile stock markets have spooked buyers. The supply of homes for the rich exploded as builders aimed at the high end after the financial crisis.</p></em><br /><br /><p>Robert Frank highlights a&nbsp;worrisome pileup in the&nbsp;overinflated; luxury housing,&nbsp;megamansions and penthouse market.</p> http://archinect.com/news/article/149956626/property-funds-suspend-trading-in-biggest-seize-up-since-financial-crisis Property funds suspend trading in biggest seize-up since financial crisis kplatzgummer 2016-07-08T03:25:00-04:00 >2016-07-18T05:07:32-04:00 <img src="http://cdn.archinect.net/images/650x/q2/q2i2lf0vhbtgl8gw.jpg" width="650" height="432" border="0" title="" alt="" /><em><p>Property funds worth &pound;18 billion have stopped trading after Brexit sent a chill through the commercial property market. [...] The fear was that too many property investors would try to take their money out at once, forcing fund managers to sell properties at a loss. [...] The Bank of England has warned that the share prices of UK real estate investment trusts have fallen sharply following the referendum.</p></em><br /><br /><p>Read more about the effects of Brexit on archinect:</p><p><a href="http://uk.archinect.com/news/article/149957192/creative-currency-post-brexit-mark-middleton-of-grimshaw-weighs-the-good-and-bad-for-uk-firms-as-split-with-eu-looms-on-one-to-one-30" rel="nofollow" target="_blank">Creative Currency, post-Brexit</a></p><p><a href="http://uk.archinect.com/news/article/149956742/post-brexit-pessimism-causes-precautionary-job-losses" rel="nofollow" target="_blank">Post-Brexit pessimism causes precautionary job losses</a></p><p><a href="http://uk.archinect.com/news/article/149955508/after-brexit-the-priority-for-the-government-at-this-time-will-not-be-big-sexy-projects" rel="nofollow" target="_blank">After Brexit, &ldquo;the priority for the government at this time will not be big sexy projects&rdquo;</a></p><p><a href="http://uk.archinect.com/news/article/149953793/architects-react-to-shocking-eu-referendum-result" rel="nofollow" target="_blank">Architects react to shocking EU referendum result</a></p> http://archinect.com/news/article/149955404/us-construction-spending-falls-for-second-month-in-a-row US construction spending falls for second month in a row Nicholas Korody 2016-07-01T13:01:00-04:00 >2016-07-01T14:29:55-04:00 <img src="http://cdn.archinect.net/images/650x/wk/wkay4ksj2vnlr5ui.jpg" width="650" height="433" border="0" title="" alt="" /><p>According to a <a href="http://www.reuters.com/article/us-usa-economy-construction-idUSKCN0ZH53Q?feedType=RSS&amp;feedName=topNews&amp;utm_source=twitter&amp;utm_medium=Social" rel="nofollow" target="_blank">report</a> from Reuters, construction spending fell in American for the second month in a row, following a steep 2% drop in April. April's drop was the largest since January 2011.&nbsp;</p><p>The US Commerce Department states that May construction spending dropped 0.8%.&nbsp;The drop indicates that "the growth outlook is still mixed as the effects of Britain's decision to leave the European Union become more apparent."</p><p>"Private construction spending fell by 0.3 percent after a downwardly revised 1.9 percent fall in April," Reuters reports.</p><p>Public spending dropped 2.3%, primarily in state and local projects, which account for the largest segment of public sector construction spending. Meanwhile, federal construction spending rose 7.5%.</p><p>For more economic updates, check out some recent news stories:</p><ul><li><a href="http://archinect.com/news/article/149953807/riba-release-a-statement-following-eu-referendum-result" rel="nofollow" target="_blank">RIBA release a statement following EU referendum result</a></li><li><a href="http://archinect.com/news/article/149953248/architecture-billings-index-reaches-highest-score-in-nearly-a-year" rel="nofollow" target="_blank">Architecture Billings Index reaches highest score in nearly a year</a></li><li><a href="http://archinect.com/news/article/149945983/architecture-billings-index-displays-continued-modest-growth-in-april" rel="nofollow" target="_blank">Architecture Billings Index displays continued modest growth in April</a></li><li><a href="http://Why%20American%20infrastructure%20funding%20keeps%20facing%20such%20an%20uphill%20battle" rel="nofollow" target="_blank">Why Ameri...</a></li></ul> http://archinect.com/news/article/149953248/architecture-billings-index-reaches-highest-score-in-nearly-a-year Architecture Billings Index reaches highest score in nearly a year Alexander Walter 2016-06-22T14:21:00-04:00 >2016-06-30T21:00:35-04:00 <img src="http://cdn.archinect.net/images/650x/o0/o0hik29wl1zyylep.jpg" width="650" height="454" border="0" title="" alt="" /><em><p>Led by a still active multi-family housing market and sustained by solid levels of demand for new commercial and retail properties, the Architecture Billings Index has accelerated to its highest score in nearly a year. [...] May ABI score was 53.1, up sharply from the mark of 50.6 in the previous month. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 60.1, up from a reading of 56.9 the previous month.</p></em><br /><br /><p>The AIA states these key ABI highlights for the month of May:</p><ul><li>Regional averages: West (53.8), South (53.7), Northeast (51.2), Midwest (49.9)</li><li>Sector index breakdown: multi-family residential (53.7), institutional (53.0), commercial / industrial (51.0), mixed practice (51.0),</li><li>Project inquiries index: 60.1</li><li>Design contracts index: 52.8</li></ul><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149945983/architecture-billings-index-displays-continued-modest-growth-in-april" rel="nofollow" target="_blank">Architecture Billings Index displays continued modest growth in April</a></li><li><a href="http://archinect.com/news/article/149941581/architecture-billings-index-concludes-first-quarter-on-continued-positive-note" rel="nofollow" target="_blank">Architecture Billings Index concludes first quarter on continued positive note</a></li><li><a href="http://archinect.com/news/article/149936152/architecture-billings-index-slightly-up-in-february-at-50-3" rel="nofollow" target="_blank">Architecture Billings Index slightly up in February at 50.3</a></li></ul> http://archinect.com/news/article/149945983/architecture-billings-index-displays-continued-modest-growth-in-april Architecture Billings Index displays continued modest growth in April Alexander Walter 2016-05-18T12:22:00-04:00 >2016-05-20T23:48:11-04:00 <img src="http://cdn.archinect.net/images/650x/qu/qu4ds71foqxgjdm6.jpg" width="650" height="454" border="0" title="" alt="" /><em><p>After beginning the year with a decline, the Architecture Billings Index has posted three consecutive months of increasing demand for design activity at architecture firms. [...] (AIA) reported the April ABI score was 50.6, down from the mark of 51.9 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 56.9, down from a reading of 58.1 the previous month.</p></em><br /><br /><p>Key ABI highlights for the month of April were reported by the AIA as:</p><ul><li>Regional averages: South (52.2), Northeast (51.5), West (50.8), Midwest (50.8)</li><li>Sector index breakdown: multi-family residential (53.7), commercial / industrial (52.0), mixed practice (50.0), institutional (49.0)</li><li>Project inquiries index: 56.9</li><li>Design contracts index: 54.3</li></ul><p>The&nbsp;<a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a>&nbsp;in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149941581/architecture-billings-index-concludes-first-quarter-on-continued-positive-note" rel="nofollow" target="_blank">Architecture Billings Index concludes first quarter on continued positive note</a></li><li><a href="http://archinect.com/news/article/149936152/architecture-billings-index-slightly-up-in-february-at-50-3" rel="nofollow" target="_blank">Architecture Billings Index slightly up in February at 50.3</a></li><li><a href="http://archinect.com/news/article/148346407/architecture-billings-index-begins-year-with-modest-dip-into-negative-terrain" rel="nofollow" target="_blank">Architecture Billings Index begins year with modest dip into negative terrain</a></li></ul> http://archinect.com/news/article/149943753/hudson-yards-could-generate-nearly-19b-for-new-york-city-study-claims Hudson Yards could generate nearly $19B for New York City, study claims Alexander Walter 2016-05-04T17:53:00-04:00 >2016-05-06T20:23:01-04:00 <img src="http://cdn.archinect.net/images/650x/u9/u9l2wcu3joy42qkx.jpg" width="650" height="352" border="0" title="" alt="" /><em><p>A study commissioned by the developer indicated that total economic output of the companies projected to occupy Hudson Yards will contribute $18.9 billion to the city's gross domestic product. [...] Many projections in the report are also contingent on a host of economic indicators in the city, including demand for Class A office space. Out of the 10.4 million square feet Related will have to lease up, so far it has locked in commitments from tenants for 4 million square feet.</p></em><br /><br /><p>The Hudson Yards project previously in the Archinect news:</p><ul><li><a href="http://archinect.com/news/article/149942421/welcome-to-the-hudson-yards-c-2019-the-world-s-most-ambitious-smart-city-experiment" rel="nofollow" target="_blank">Welcome to the Hudson Yards, c. 2019: the world's most ambitious "smart city" experiment</a></li><li><a href="http://archinect.com/news/article/147663869/big-s-concept-for-a-spiraling-landscape-tower-in-nyc-s-hudson-yards" rel="nofollow" target="_blank">BIG's concept for a spiraling-landscape tower in NYC's Hudson Yards</a></li><li><a href="http://archinect.com/news/article/96639885/a-plan-to-build-skyscrapers-that-barely-touch-the-ground" rel="nofollow" target="_blank">A Plan to Build Skyscrapers That Barely Touch the Ground</a></li></ul> http://archinect.com/news/article/149941581/architecture-billings-index-concludes-first-quarter-on-continued-positive-note Architecture Billings Index concludes first quarter on continued positive note Alexander Walter 2016-04-20T12:41:00-04:00 >2016-05-04T23:07:44-04:00 <img src="http://cdn.archinect.net/images/650x/km/kmt6qcl1nfikl4xd.jpg" width="280" height="159" border="0" title="" alt="" /><em><p>The Architecture Billings Index reflects consecutive months of increasing demand for design activity at architecture firms. [...] The American Institute of Architects (AIA) reported the March ABI score was 51.9, up from the mark of 50.3 in the previous month. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.1, down from a reading of 59.5 the previous month.</p></em><br /><br /><p>The AIA states these key ABI highlights for the month of March:</p><ul><li>Regional averages: South (52.4), Northeast (51.0), West (50.4), Midwest (49.8)</li><li>Sector index breakdown: multi-family residential (55.7), commercial / industrial (51.8), mixed practice (50.0), institutional (48.0)</li><li>Project inquiries index: 58.1</li><li>Design contracts index: 51.8</li></ul><p>The <a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/149936152/architecture-billings-index-slightly-up-in-february-at-50-3" rel="nofollow" target="_blank">Architecture Billings Index slightly up in February at 50.3</a></li><li><a href="http://archinect.com/news/article/148346407/architecture-billings-index-begins-year-with-modest-dip-into-negative-terrain" rel="nofollow" target="_blank">Architecture Billings Index begins year with modest dip into negative terrain</a></li><li><a href="http://archinect.com/news/article/146190281/architecture-billings-index-ends-the-year-in-positive-terrain-at-50-9" rel="nofollow" target="_blank">Architecture Billings Index ends the year in positive terrain at 50.9</a></li></ul> http://archinect.com/news/article/149941431/experimenting-with-a-universal-basic-income-in-nairobi Experimenting with a universal basic income in Nairobi Nicholas Korody 2016-04-19T14:56:00-04:00 >2016-05-04T22:58:07-04:00 <img src="http://cdn.archinect.net/images/650x/pp/ppm00sk71fyry6pl.jpg" width="650" height="433" border="0" title="" alt="" /><em><p>In the old days of policymaking by aphorism&mdash;give a man a fish, feed him for a day!&mdash;simply handing money to the poor was considered an obviously bad idea. How na&iuml;ve&mdash;you can&rsquo;t just give people money. They&rsquo;ll stop trying! They&rsquo;ll just get drunk! The underlying assumption was that the poor weren&rsquo;t good at making decisions for themselves: Experts had to make the decisions for them. As it turns out, that assumption was wrong.</p></em><br /><br /><p><em>"[...] GiveDirectly, has decided to try to permanently end extreme poverty across dozens of villages and thousands of people in Kenya by guaranteeing them an ongoing income high enough to meet their basic needs&mdash;a universal basic income, or basic income guarantee."</em></p><p>[Update: according to GiveDirectly, while their pilot project will likely be in East Africa, near their current projects, it will not be in Nairobi.]</p><p>For more on the growing conversation around universal basic incomes, check out past Archinect coverage:</p><ul><li><a href="http://archinect.com/features/article/149935222/architecture-after-capitalism-in-a-world-without-work" rel="nofollow" target="_blank">Architecture after capitalism, in a world without work</a></li><li><a href="http://archinect.com/news/article/149936359/how-much-a-dollar-costs-thom-mayne-s-hard-road-to-success-and-what-postcapitalism-and-a-world-without-work-could-mean-for-architecture-on-archinect-sessions-57" rel="nofollow" target="_blank">"How Much a Dollar Costs": Thom Mayne's hard road to success and what "Postcapitalism and a World without Work" could mean for architecture, on Archinect Sessions #57</a></li><li><a href="http://archinect.com/news/article/130500481/utrecht-to-experiment-with-universal-unconditional-basic-income" rel="nofollow" target="_blank">Utrecht to experiment with universal, unconditional "basic income"</a></li><li><a href="http://archinect.com/news/article/130196665/considering-the-future-of-work-at-the-2015-london-festival-of-architecture" rel="nofollow" target="_blank">Considering the future of work at the 2015 London Festival of Architecture</a></li></ul> http://archinect.com/news/article/149941219/why-american-infrastructure-funding-keeps-facing-such-an-uphill-battle Why American infrastructure funding keeps facing such an uphill battle Alexander Walter 2016-04-18T14:19:00-04:00 >2016-05-04T01:07:27-04:00 <img src="http://cdn.archinect.net/images/650x/6g/6gbbeia5sqq9cuga.jpg" width="650" height="405" border="0" title="" alt="" /><em><p>Infrastructure was once at the heart of American public policy. Works such as the Los Angeles Aqueduct, Hoover Dam, and the Interstate Highway System transformed the economy. Today, we spend significantly less, as a share of G.D.P., on infrastructure than we did fifty years ago [...] polls show that infrastructure spending is popular with a majority of voters across the income spectrum. Historically, it enjoyed bipartisan support from politicians, too. If it&rsquo;s so popular, why doesn&rsquo;t it happen?</p></em><br /><br /><p>Related stories in the Archinect news:</p><ul><li><a href="http://archinect.com/news/article/147830249/america-has-an-infrastructure-problem-and-it-s-getting-critical" rel="nofollow" target="_blank">America has an infrastructure problem &ndash; and it's getting critical</a></li><li><a href="http://archinect.com/news/article/148193818/reinstating-awe-in-america-s-infrastructure" rel="nofollow" target="_blank">Reinstating "awe" in America's infrastructure</a></li><li><a href="http://archinect.com/news/article/149935036/dc-in-grid-lock-after-unexpected-metro-shutdown" rel="nofollow" target="_blank">DC in grid lock after unexpected Metro shutdown</a></li></ul> http://archinect.com/news/article/149936152/architecture-billings-index-slightly-up-in-february-at-50-3 Architecture Billings Index slightly up in February at 50.3 Alexander Walter 2016-03-23T12:30:00-04:00 >2016-04-08T00:53:22-04:00 <img src="http://cdn.archinect.net/images/650x/1a/1acrh9vo8h2o54du.jpg" width="650" height="449" border="0" title="" alt="" /><em><p>The Architecture Billings Index saw a dip into negative terrain for the first time in five months in January, but inched back up in February with a small increase in demand for design services... [AIA] reported the February ABI score was 50.3, up slightly from the mark of 49.6 in the previous month. This score reflects a minor increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.5, up from a reading of 55.3 the previous month.</p></em><br /><br /><p>Key highlights for the month of November were reported by the AIA as following:</p><ul><li>Regional averages: South (51.1), West (49.9), Northeast (49.5), Midwest (49.3)</li><li>Sector index breakdown: multi-family residential (53.0), commercial / industrial (52.3), institutional (48.1), mixed practice (47.7)</li><li>Project inquiries index: 59.5</li><li>Design contracts index: 51.7</li></ul><p>The <a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/148346407/architecture-billings-index-begins-year-with-modest-dip-into-negative-terrain" rel="nofollow" target="_blank">Architecture Billings Index begins year with modest dip into negative terrain</a></li><li><a href="http://archinect.com/news/article/146190281/architecture-billings-index-ends-the-year-in-positive-terrain-at-50-9" rel="nofollow" target="_blank">Architecture Billings Index ends the year in positive terrain at 50.9</a></li><li><a href="http://archinect.com/news/article/143509190/architecture-billings-index-in-november-dips-slightly" rel="nofollow" target="_blank">Architecture Billings Index in November dips slightly</a></li></ul> http://archinect.com/news/article/149295433/open-call-for-submissions-architectural-survival Open Call for Submissions: Architectural Survival Amelia Taylor-Hochberg 2016-03-01T19:29:00-05:00 >2016-03-15T23:17:19-04:00 <img src="http://cdn.archinect.net/images/650x/yq/yqdur0e5o2jdb3fr.jpg" width="650" height="402" border="0" title="" alt="" /><p>Even more than the laws of physics and building codes, money rules everything in architecture. The architect is the canary in the recession's coal mine; skyscrapers and starchitectural gems stand as allegories for wealth; descriptors like "quality" and "affordable" at times seem mutually exclusive.&nbsp;But whatever the economic reality, there are always stories of architects that manage to make things work.</p><p>As Archinect turns to issues of Money in architecture this month, we want to hear your stories of how architects can survive, and thrive, when money is tight &ndash; how to make more, from less.</p><p><strong>&#12299;Editorial Submissions: <em>Stories from the Recession</em></strong><br>What sustained, or broke, you? What advice do you have for weathering the next recession? How did your practice change?&nbsp;Stories can be from the perspective of firms, individual architects, recent grads or nervous students during the latest recession.</p><p><strong>&#12299;Project Submissions: <em>Tightly-Budgeted Work</em></strong><br>Show off your small-budget built projects that didn&rsquo;t compro...</p> http://archinect.com/news/article/149364523/these-are-the-most-economically-distressed-cities-in-the-united-states These are the most economically distressed cities in the United States Nicholas Korody 2016-03-01T17:52:00-05:00 >2016-03-02T23:11:36-05:00 <img src="http://cdn.archinect.net/images/650x/or/or3qzv3s8so3883w.jpg" width="650" height="488" border="0" title="" alt="" /><em><p>While cities like Dallas and San Francisco have rebounded strongly since the recession, many other places are still struggling for economic growth and prosperity. As time goes on, we're seeing a divergence between successful parts of the country and the non-successful parts. More than 50 million Americans live in "distressed" ZIP codes, according to a new report from the Economic Innovation Group, a Washington D.C. think-tank.</p></em><br /><br /><p><em>"These areas&mdash;largely concentrated in the South, Southwest, and the Rust Belt&mdash;are suffering a "recovery gap" driven by low home investment, shuttering businesses, and poor job opportunities."</em></p><p>According to the report, economic opportunities are intimately tethered to geography in the United States. In turn, the regions most susceptible to job loss remain those with a history of financial woes, in particular former manufacturing hubs.</p><p>The report ranked cities based on economic indications such as the percentage of the population with a high school degree; housing vacancy rates; unemployment rates among adults; poverty rates; median income rations; percent changes in the number of available jobs; and percent changes in the number of businesses.</p><p>Here are the 10 most "distressed" cities in the United States:</p><p><strong>1. Cleveland, Ohio</strong><br><img title="" alt="" src="http://cdn.archinect.net/images/514x/nj/njsj01wp1s6wfkes.jpg"><br>&nbsp;</p><p><strong>2. Detroit, Michigan&nbsp;</strong><br><img title="" alt="" src="http://cdn.archinect.net/images/514x/ih/ihqr6j6mh3501pqt.jpg"><br>&nbsp;</p><p><strong>3. Newark, New Jersey&nbsp;</strong><img title="" alt="" src="http://cdn.archinect.net/images/514x/ux/ux8bdlykzqu0opip.jpg"><br>&nbsp;</p><p><strong>4. Toledo, Ohio</strong>&nbsp;<img title="" alt="" src="http://cdn.archinect.net/images/514x/ie/ienw1yk34h2rn31z.jpg"><br>&nbsp;</p><p>&#8203;5.&nbsp;<strong>San Bernardino, California&nbsp;</strong><img title="" alt="" src="http://cdn.archinect.net/images/514x/if/if9hi40n1pwzsj2r.jpg"></p><p><strong>6. Stockton, California&nbsp;</strong><img title="" alt="" src="http://cdn.archinect.net/images/514x/zr/zrfycxopu9iqada2.jpg"><br>&nbsp;</p><p><strong>7. Milwaukee, Wisconsin&nbsp;</strong><img title="" alt="" src="http://cdn.archinect.net/images/514x/fz/fz7ib4zecie8xqik.jpg"><br>&nbsp;</p><p><strong>8. Buffalo, New York&nbsp;</strong><img title="" alt="" src="http://cdn.archinect.net/images/514x/x0/x03hq2srxo6psqqz.jpg"><br>&nbsp;</p><p><strong>9. ...</strong></p> http://archinect.com/news/article/148346407/architecture-billings-index-begins-year-with-modest-dip-into-negative-terrain Architecture Billings Index begins year with modest dip into negative terrain Alexander Walter 2016-02-17T12:44:00-05:00 >2016-02-27T23:29:22-05:00 <img src="http://cdn.archinect.net/images/650x/uo/uogu3afz15e7ep77.jpg" width="650" height="449" border="0" title="" alt="" /><em><p>Following a generally positive performance in 2015, the Architecture Billings Index has begun this year modestly dipping back into negative terrain. [...] The American Institute of Architects (AIA) reported the January ABI score was 49.6, down slightly from the mark of 51.3 in the previous month. This score reflects a minor decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 55.3, down from a reading of 60.5 the previous month.</p></em><br /><br /><p>The AIA states these key ABI highlights for the month of January:</p><ul><li>Regional averages: West (50.8), Northeast (50.4), South (50.3), Midwest (48.9)</li><li>Sector index breakdown: multi-family residential (51.9), commercial / industrial (50.5), institutional (49.9), mixed practice (49.0)</li><li>Project inquiries index: 55.3</li><li>Design contracts index: 50.9</li></ul><p>The <a href="http://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> in previous months on Archinect:</p><ul><li><a href="http://archinect.com/news/article/146190281/architecture-billings-index-ends-the-year-in-positive-terrain-at-50-9" rel="nofollow" target="_blank">Architecture Billings Index ends the year in positive terrain at 50.9</a></li><li><a href="http://archinect.com/news/article/143509190/architecture-billings-index-in-november-dips-slightly" rel="nofollow" target="_blank">Architecture Billings Index in November dips slightly</a></li><li><a href="http://archinect.com/news/article/141359175/architecture-billings-index-in-october-still-showing-an-increase-in-design-services" rel="nofollow" target="_blank">Architecture Billings Index in October still showing an increase in design services</a></li></ul> http://archinect.com/news/article/147117709/selling-cuba-gehry-s-already-there Selling Cuba (Gehry's already there) Alexander Walter 2016-02-01T14:16:00-05:00 >2016-02-02T20:21:14-05:00 <img src="http://cdn.archinect.net/images/650x/cm/cm7w9p815czoq872.jpg" width="650" height="974" border="0" title="" alt="" /><em><p>&ldquo;I give it two years, max [...] It will be US business interests that finally push congress into lifting the embargo &ndash; they&rsquo;re all going crazy being shut out of this market.&rdquo; American architects and developers are already queuing up to be first in line, ready to pounce on investment opportunities when the embargo drops. Frank Gehry sailed into Havana in December, aboard a streamlined yacht he designed for himself, here to &ldquo;offer his expertise to Cuba&rdquo; according to a government statement.</p></em><br /><br /><p><em>&ldquo;You know that Cuba is at the centre of attention of many people,&rdquo; Gehry told the gathered crowd. &ldquo;And in the immediate future it will attract many investors &ndash; particularly the tourism sector. But I am sure that you know to be careful with those projects.&rdquo;</em></p><p>Related stories in the Archinect news:</p><ul><li><a href="http://archinect.com/news/article/124359173/airbnb-now-open-for-business-in-cuba-despite-anemic-internet-access" rel="nofollow" target="_blank">Airbnb now open for business in Cuba, despite anemic internet access</a></li><li><a href="http://archinect.com/news/article/126711733/take-a-virtual-tour-of-havana-s-modern-architecture" rel="nofollow" target="_blank">Take a virtual tour of Havana's modern architecture</a></li><li><a href="http://archinect.com/news/article/106016921/cuba-in-talks-for-cultural-exchange-with-us-museum" rel="nofollow" target="_blank">Cuba in talks for cultural exchange with US museum</a></li></ul> http://archinect.com/news/article/146190281/architecture-billings-index-ends-the-year-in-positive-terrain-at-50-9 Architecture Billings Index ends the year in positive terrain at 50.9 Alexander Walter 2016-01-20T12:34:00-05:00 >2016-02-09T23:15:34-05:00 <img src="http://cdn.archinect.net/images/650x/ux/uxqwt46az99l8mfj.jpg" width="650" height="446" border="0" title="" alt="" /><em><p>There were a few occasions where demand for design services decreased from a month-to-month basis in 2015, but the Architecture Billings Index (ABI) concluded the year in positive terrain and was so in eight of the twelve months of the year. [...] (AIA) reported the December ABI score was 50.9, up from the mark of 49.3 in the previous month. This score reflects a slight increase in design services [...]. The new projects inquiry index was 60.2, up from a reading of 58.6 the previous month.</p></em><br /><br /><p>Key ABI highlights for the month of December were reported by the AIA as:</p><ul><li>Regional averages: West (53.7), South (53.3), Northeast (46.7), Midwest (46.1)</li><li>Sector index breakdown: multi-family residential (52.9), institutional (52.2), commercial / industrial (47.3), mixed practice (46.5)</li><li>Project inquiries index: 60.2</li><li>Design contracts index: 51.0</li></ul> http://archinect.com/news/article/143664937/britain-s-last-deep-pit-coal-mine-closes-the-end-of-the-industrial-revolution Britain's last deep-pit coal mine closes — the end of the industrial revolution? Alexander Walter 2015-12-18T12:25:00-05:00 >2015-12-21T12:18:59-05:00 <img src="http://cdn.archinect.net/images/650x/iw/iwd8dl0squ4ax0g5.jpg" width="634" height="454" border="0" title="" alt="" /><em><p>The last deep-pit coal mine in the U.K. plans to shut its doors here next week, heralding the end of a centuries-old industry that helped fuel the industrial revolution and build the British Empire. The shutdown [...] represents a victory for advocates of reducing carbon emissions after world leaders gathered in Paris to discuss how to combat global warming, with coal in the cross hairs. It also reflects a glut of energy on world markets, from crude oil to natural gas and coal itself.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/143509190/architecture-billings-index-in-november-dips-slightly Architecture Billings Index in November dips slightly Alexander Walter 2015-12-16T11:46:00-05:00 >2015-12-16T11:47:56-05:00 <img src="http://cdn.archinect.net/images/650x/da/dat5l0nosbow1gyo.jpg" width="280" height="159" border="0" title="" alt="" /><em><p>As has been the case a few times already this year, the Architecture Billings Index (ABI) dipped in November. [...] The American Institute of Architects (AIA) reported the November ABI score was 49.3, down from the mark of 53.1 in the previous month. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.6, up just a nudge from a reading of 58.5 the previous month.</p></em><br /><br /><p>Key highlights for the month of November were reported by the AIA as following:</p><ul><li>Regional averages: South (55.4), West (54.5), Midwest (47.8), Northeast (46.2)</li><li>Sector index breakdown: multi-family residential (53.8), institutional (52.0), commercial / industrial (51.0), mixed practice (47.6)</li><li>Project inquiries index: 58.6</li><li>Design contracts index: 53.5</li></ul> http://archinect.com/news/article/143132832/how-l-a-can-reboot-its-creative-economy-so-artists-can-actually-live-in-town How L.A. can reboot its "creative economy" so artists can actually live in town Justine Testado 2015-12-11T14:26:00-05:00 >2015-12-11T14:27:38-05:00 <img src="http://cdn.archinect.net/images/650x/r3/r3rnc3ou1vhjvgdd.jpg" width="599" height="450" border="0" title="" alt="" /><em><p>But if L.A. is going to remain a creative capital, its civic and cultural leaders are going to need to do more than offer really great talk about how great we are...This can start with the Otis Report on the Creative Economy...If this report is to be more than just a feel-good data dump, it could use some solid recommendations on how L.A. compares to other cities culturally and how we might improve the situation for artists and cultural organizations, both small and large.</p></em><br /><br /><p>More about arts districts on Archinect:</p><p><a href="http://archinect.com/news/article/134055238/venice-beach-s-ongoing-grapple-with-the-tech-titan-invasion" rel="nofollow" target="_blank">Venice Beach's ongoing grapple with the tech titan invasion</a></p><p><a href="http://archinect.com/news/article/125896734/downtown-la-s-vision-of-an-architecture-and-design-super-cluster" rel="nofollow" target="_blank">Downtown LA's vision of an architecture and design super cluster</a></p><p><a href="http://archinect.com/news/article/140828555/how-one-urban-planner-is-helping-revamp-a-miami-suburb-without-gentrification" rel="nofollow" target="_blank">How one urban planner is helping revamp a Miami suburb "without gentrification"</a></p><p><a href="http://archinect.com/news/article/132661925/with-a-little-compromise-illegal-urban-squats-like-ljubljana-s-metelkova-mesto-can-do-a-city-good" rel="nofollow" target="_blank">With a little compromise, illegal urban squats like Ljubljana's Metelkova Mesto can do a city good</a></p><p><a href="http://archinect.com/news/article/108641438/how-many-artists-does-it-take-to-make-an-arts-district" rel="nofollow" target="_blank">How Many Artists Does It Take to Make an Arts District?</a></p> http://archinect.com/news/article/141359175/architecture-billings-index-in-october-still-showing-an-increase-in-design-services Architecture Billings Index in October still showing an increase in design services Alexander Walter 2015-11-18T13:21:00-05:00 >2015-11-30T22:19:18-05:00 <img src="http://cdn.archinect.net/images/650x/ha/ha8h46cj4iy0n1tj.jpg" width="650" height="446" border="0" title="" alt="" /><em><p>The Architecture Billings Index (ABI) returned to positive territory after a slight dip in August, and has seen growth in six of the nine months of the year so far. [...] The American Institute of Architects (AIA) reported the September ABI score was 53.7, up from a mark of 49.1 in August. This score reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.0, down from a reading of 61.8 the previous month.</p></em><br /><br /><p>The AIA reports the following key ABI highlights for the month of October:</p><ul><li>Regional averages: South (56.2), West (54.4), Midwest (52.6), Northeast (49.2)</li><li>Sector index breakdown: commercial / industrial (55.1), mixed practice (54.9), multi-family residential (52.5), institutional (51.4)</li><li>Project inquiries index: 58.5</li><li>Design contracts index: 51.7</li></ul> http://archinect.com/news/article/137334669/architecture-billings-index-retracts-slightly-in-august Architecture Billings Index retracts slightly in August Alexander Walter 2015-09-23T12:41:00-04:00 >2015-09-29T00:37:08-04:00 <img src="http://cdn.archinect.net/images/650x/tp/tp15a591001ztn4q.jpg" width="362" height="206" border="0" title="" alt="" /><em><p>The Architecture Billings Index (ABI) slipped in August after showing mostly healthy business conditions so far this year. [...] The American Institute of Architects (AIA) reported the August ABI score was 49.1, down from a mark of 54.7 in July. This score reflects a slight decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.8, down from a reading of 63.7 the previous month.</p></em><br /><br /><p>The AIA states these key ABI highlights for the month of August:</p><ul><li>Regional averages: Midwest (56.1), South (53.8), West (50.2) Northeast (46.8)</li><li>Sector index breakdown: institutional (53.7), mixed practice (52.8), commercial / industrial (49.7) multi-family residential (49.5)</li><li>Project inquiries index: 61.8</li><li>Design contracts index: 55.3</li></ul> http://archinect.com/news/article/134653690/architecture-billings-index-in-july-reflects-healthy-and-sustained-demand-for-design-services Architecture Billings Index in July reflects "healthy and sustained demand for design services" Alexander Walter 2015-08-19T16:00:00-04:00 >2015-08-26T18:44:52-04:00 <img src="http://cdn.archinect.net/images/650x/hj/hjbdq03znvejk6l3.jpg" width="278" height="158" border="0" title="" alt="" /><em><p>The Architecture Billings Index (ABI) is reflecting healthy and sustained demand for design services in nearly all nonresidential project types. [...] (AIA) reported the July ABI score was 54.7, down a point from a mark of 55.7 in June. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 63.7, up slightly from a reading of 63.4 the previous month.</p></em><br /><br /><p>The AIA summarizes these key ABI highlights for the month of July:</p><ul><li>Regional averages: Midwest (58.2), South (55.7), West (53.8) Northeast (53.5)</li><li>Sector index breakdown: institutional (57.3), mixed practice (56.8), commercial / industrial (53.4) multi-family residential (49.8)</li><li>Project inquiries index: 63.7</li><li>Design contracts index: 54.5</li></ul> http://archinect.com/news/article/134050412/la-mayor-garcetti-confident-that-2024-olympics-in-his-city-would-pay-for-themselves LA mayor Garcetti confident that 2024 Olympics in his city would pay for themselves Alexander Walter 2015-08-11T19:51:00-04:00 >2015-08-11T20:44:18-04:00 <img src="http://cdn.archinect.net/images/650x/lg/lgnqh8wwtrfpyhtf.jpg" width="650" height="432" border="0" title="" alt="" /><em><p>As Los Angeles moves closer to bidding for the 2024 Summer Olympics, officials said they can host the massive 17-day sporting event for $4.1 billion and offered to guarantee that the city will cover any cost overruns. [...] Garcetti and his team have proposed to spend $500 million less than what Boston had planned and expect to finish with a $150-million surplus by generating billions in broadcast and sponsorship revenue.</p></em><br /><br /><p>Related Olympic news on Archinect:</p><ul><li><a href="http://archinect.com/news/article/133587773/will-rio-s-olympic-venues-be-ready-in-time-for-the-2016-games" rel="nofollow" target="_blank">Will Rio's Olympic venues be ready in time for the 2016 Games?</a></li><li><a href="http://archinect.com/news/article/132949093/boston-backs-out-of-2024-olympics-bid" rel="nofollow" target="_blank">Boston backs out of 2024 Olympics bid</a></li><li><a href="http://archinect.com/news/article/132880075/toronto-ventures-into-sixth-bid-to-host-olympic-games" rel="nofollow" target="_blank">Toronto ventures into sixth bid to host Olympic Games</a></li><li><a href="http://archinect.com/news/article/132101061/zaha-s-tokyo-olympic-stadium-cancelled-abe-calls-for-a-redesign-from-scratch" rel="nofollow" target="_blank">Zaha's Tokyo Olympic Stadium cancelled &ndash; Abe calls for a redesign from scratch</a></li></ul>