The American Institute of Architects (AIA) reported the March ABI score was 50.5, a negligible decrease from a reading of 50.6 the previous month. This score reflects a modest increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.7, up significantly from a mark of 56.4 in February. — AIA
AIA Chief Economist, Kermit Baker, said that architecture firms are in a place when demand isn't falling back into negative territory but also not seeing the same growth that was seen in late 2010. "The catalyst for a more robust recovery is likely financing, with stronger growth occurring only... View full entry »
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