“While it’s not an across the board recovery, we are hearing a much more positive outlook in terms of demand for design services,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “Moving into 2013 we are expecting this trend to continue and conditions improve at a slow and steady rate. That said, we remain concerned that continued uncertainty over the outcomes of budget sequestration and the debt ceiling could impact further economic growth.” — aia.org
There are few professionals more hopeful for a bright future this holiday season than architects, who are finally starting to see business conditions improve.
Billings at architecture firms have been depressed for the past four years, another victim of the real-estate and housing downturn. But in recent months, that has started to change. — online.wsj.com
After declining earlier in 2012, the billings index began to turn higher in June, then accelerated, and has now marked its third straight month above the 50 level, which indicates expanding demand for architects' services.
"It's beginning to look like demand for design services has turned the corner," said AIA Chief Economist Kermit Baker. — reuters.com
"After a four-month skid, billings at U.S. architecture firms edged up very modestly in August with an ABI score of 50.2, indicating minor growth in design billings. Inquiries for new project activity also improved, showing its strongest gain since the first quarter of the year." — american institute of architects
as a contributor to the aia's monthly Architectural Billings Index, it's always interesting to see how this indicator pans out. for August, apparently, it was pretty well - it's the first time in a while since we've crossed the Mendoza line (a number above 50). if you're looking to this to...
On the heels of a nearly three-point increase, the Architecture Billings Index (ABI) climbed into positive terrain for the first time in five months... The American Institute of Architects (AIA) reported the August ABI score was 50.2, up from the mark of 48.7 in July. This score reflects an increase in demand for design services. The new projects inquiry index was 57.2, up from mark of 56.3 the previous month. — aia.org
The architecture billings index rose 2.8 points to 48.7 last month, the highest since March, the American Institute of Architects said on Wednesday. The billings index, which measures demand for architects' services, helps predict construction activity nine to 12 months ahead. Any measure below 50 indicates a decline in billings. — reuters.com
The American Institute of Architects’ (AIA) monthly Architecture Billings Index (ABI) dropped significantly last month. Nationwide architecture work had begun to contract in April, but sunk by a considerable amount more in May. The May ABI score was 45.8, down from an already contracting 48.4 in April. Inquiries for new projects also dropped, from 54.4 to 54.0, the lowest score in a year. — architectmagazine.com
After five months of positive readings, the Architecture Billings Index slipped back into negative territory during April, an indication that demand for design services declined.
The score for April was 48.4, compared with 50.4 in March. — online.wsj.com
... the ABI is a pretty good leading indicator of non-residential construction levels a year or so down the track. It’s often not a bad indicator of broader economic conditions either. For example, the index’s low of late 2008 came a little before U.S. stocks’ post-crisis nadir in March 2009. It’s been on a general uptrend ever since. As have stocks. There’s a crumb of good news, here, then, because the ABI has now been rising for four straight months. — blogs.wsj.com
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