Archinect - News 2018-06-17T20:09:10-04:00 https://archinect.com/news/article/150065930/architecture-billings-index-in-april-gains-strength Architecture Billings Index in April gains strength Alexander Walter 2018-05-23T13:19:00-04:00 >2018-05-23T13:20:01-04:00 <img src="https://archinect.imgix.net/uploads/0h/0h2quriwthg6x75x.PNG?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The American Institute of Architects (AIA) is reporting today that architecture firm billings rose for the seventh consecutive month, with the pace of growth in April increasing modestly from March. Overall, the AIA&rsquo;s Architecture Billings Index (ABI) score for April was 52.0 [...], which indicates the business environment continues to be healthy for architecture firms despite continued labor shortages, growing inflation in building materials costs and rising interest rates.</p></em><br /><br /><p><em>&ldquo;While there was slower growth in April for new project work coming into architecture firms, business conditions have remained healthy for the first four months of the year,&rdquo; said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. &ldquo;Although growth in regional design activity was concentrated at firms in the sunbelt, there was balanced growth so far this year across all major construction sectors.&rdquo;</em></p> <p>The American Institute of Architects reports these key <a href="https://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> stats for the month of April:<br></p> <ul><li>Regional averages: West (55.1), Midwest (49.6), South (51.8), Northeast (50.3)</li><li>Sector index breakdown: multi-family residential (50.7), institutional (52.0), commercial/industrial (52.7), mixed practice (50.6)</li><li>Project inquiries index: 56.7</li><li>Design contracts index: 50.1</li></ul> https://archinect.com/news/article/150055735/riba-releases-brexit-report-indicating-uk-architects-growing-concerns-of-the-industry-s-future RIBA releases Brexit report indicating UK architects' growing concerns of the industry's future Justine Testado 2018-03-21T16:04:00-04:00 >2018-03-26T01:31:03-04:00 <img src="https://archinect.imgix.net/uploads/8y/8ybswqyva60fvljt.jpeg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><p>With one year left until Brexit, 2018 is a critical year for the UK architecture industry. Today, the RIBA released the latest results of their <a href="https://www.architecture.com/GlobalByDesign2018" rel="nofollow" target="_blank">Global by Design report</a>, a comprehensive survey of UK architects on Brexit. Although UK architects can adapt to next year's changes, RIBA describes, they also expressed growing concerns for the uncertain future of their industry in addition to the lack of clarity on the UK's future relationship with the EU.</p> <p>RIBA surveyed their members&nbsp;between December 2017-January 2018. For starters, 71 percent of architects believe Brexit will have a negative impact on the built environment, compared to 60 percent in the 2017 survey.</p> <p>The 2018 report also reveals that&nbsp;68 percent of architects had projects put on hold, and more than 2 in 5 architects (43 percent) had projects cancelled since the EU referendum (<a href="https://archinect.com/news/article/149990851/brexit-lash-riba-announces-60-of-u-k-architects-have-seen-projects-delayed-cancelled" rel="nofollow" target="_blank">in 2017</a>, 61 percent had delays and 36 percent had cancellations). To add to that, 60 percent of EU architects considered leaving the UK since the refer...</p> https://archinect.com/news/article/150055700/february-s-architecture-billings-index-in-positive-terrain February's Architecture Billings Index in positive terrain Alexander Walter 2018-03-21T12:35:00-04:00 >2018-03-26T01:31:03-04:00 <img src="https://archinect.imgix.net/uploads/j8/j87303hcj55w3j22.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The American Institute of Architects (AIA) is reporting an increase in architecture firm billings for February from its Architecture Billings Index (ABI), with several key segments showing an encouraging outlook for 2018. [...] While the pace of growth in design activity slowed a bit in February for an ABI score of 52.0 (any score over 50 indicates billings growth), it still reflects a healthy business environment.</p></em><br /><br /><p><em>"We remain optimistic about the trends we&rsquo;re seeing at architecture firms this year with the ABI continuing to show growth in February," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "We saw several major bright spots reflected in February&rsquo;s data, as billings remained particularly strong at firms located in the West and Midwest."</em></p> <p>The American Institute of Architects reports these key <a href="https://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> stats for the month of February:&nbsp;<br></p> <ul><li>Regional averages: West (57.6), Midwest (54.5), South (54.4), Northeast (47.5)</li><li>Sector index breakdown: multi-family residential (56.6), institutional (53.8), commercial/industrial (51.0), mixed practice (49.7)</li><li>Project inquiries index: 62.4</li><li>Design contracts index: 54.5</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/8q/8q5pr5f1zfrlz0je.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/8q/8q5pr5f1zfrlz0je.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/sq/sqa4krpbzdnon5gw.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/sq/sqa4krpbzdnon5gw.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/ud/udp7pp44cuw6rp32.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/ud/udp7pp44cuw6rp32.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from February 2017 - February 2018. Images provided by the American Institute of Architects.</em></p> https://archinect.com/news/article/150051066/architecture-billings-index-kicks-new-year-off-strong-with-highest-january-score-since-2007 Architecture Billings Index kicks new year off strong with highest January score since 2007 Alexander Walter 2018-02-21T12:41:00-05:00 >2018-03-21T12:45:58-04:00 <img src="https://archinect.imgix.net/uploads/1e/1exv4ely4gmkr0wc.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>2018 started on a strong note for architecture firms, as the Architecture Billings Index (ABI) saw its highest January score since 2007. The American Institute of Architects (AIA) reported the January ABI score was 54.7, up from a score of 52.8 in the previous month. [...] The new projects inquiry index was 61.1, down from a reading of 62.0 the previous month, while the new design contracts index increased slightly from 53.4 to 53.9.</p></em><br /><br /><p><em>"Healthy conditions continue across all sectors and regions except the Northeast, where firm billings softened for the second consecutive month," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "With strong billings and healthy growth in new projects to start the year, firms remain generally optimistic about business conditions for the next several months."</em></p> <p>The American Institute of Architects reports these key <a href="https://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> stats for the month of January:&nbsp;<br></p> <ul><li>Regional averages: West (56.2), South (55.3), Midwest (54.8), Northeast (47.3)</li><li>Sector index breakdown: multi-family residential (56.0), commercial / industrial (53.3), institutional (52.5), mixed practice (50.1)</li><li>Project inquiries index: 61.1</li><li>Design contracts index: 53.9</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/u7/u7pz0nv9hebokjsp.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/u7/u7pz0nv9hebokjsp.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/53/531r1skp2a1csg9w.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/53/531r1skp2a1csg9w.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/zg/zgf9z7v6c4m06iwz.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/zg/zgf9z7v6c4m06iwz.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from January 2017 - January 2018. Images provided by the American Institute of Architects.</em><br></p> https://archinect.com/news/article/150047310/aia-consensus-construction-forecast-predicts-accelerated-growth-through-2019 AIA Consensus Construction Forecast predicts accelerated growth through 2019 Alexander Walter 2018-01-29T14:28:00-05:00 >2018-01-29T14:29:08-05:00 <img src="https://archinect.imgix.net/uploads/3k/3k0u6ozy6u1xuunj.gif" border="0" /><em><p>Construction spending for nonresidential buildings is projected to increase 4 percent this year and continue at that pace of growth through 2019. While the commercial construction sectors will generate much of the expected gains this year, by 2019 the industrial and institutional sectors will dominate the projected construction growth. [...] However, in the face of a supportive economy, construction spending on nonresidential buildings disappointed last year.</p></em><br /><br /><p>The American Institute of Architects has published its latest <a href="https://archinect.com/news/tag/785064/consensus-construction-forecast" rel="nofollow" target="_blank">Consensus Construction Forecast</a>, and it's looking quite rosy. Despite labor shortages and rising material costs that continue to have an impact on the construction industry, the report &mdash; supported by the last few editions of the Institute's monthly <a href="https://archinect.com/news/tag/107273/architecture-billings-index" rel="nofollow" target="_blank">Architecture Billings Index</a> &mdash;&nbsp;projects a 4% increase for nonresidential buildings this year and a continuation of this pace through 2019.&nbsp;</p> <p>Analyzing this economic optimism, the AIA points out five key factors:</p> <ol><li>Rebuilding and repairs from natural disasters</li><li>Tax reform implications for construction</li><li>Possibility of an infrastructure package</li><li>Strong consumer and business confidence levels</li><li>Leading economic indicators for the construction sector</li></ol><p>For the full report and an interactive version of the infographic above, head over to <a href="https://www.aia.org/articles/173086-what-slowdown-pace-of-construction-activity" rel="nofollow" target="_blank">aia.org</a>.<br></p> <p>Can these positive projections be felt in your firm or region as well? Let us know in the comment section below.</p> https://archinect.com/news/article/150046606/architecture-billings-index-in-december-concludes-year-on-strong-note-healthy-growth-outlook-for-2018 Architecture Billings Index in December concludes year on strong note; "healthy growth" outlook for 2018 Alexander Walter 2018-01-24T13:07:00-05:00 >2018-02-21T12:57:20-05:00 <img src="https://archinect.imgix.net/uploads/ui/uijxdnk7lugbyeor.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings. The American Institute of Architects (AIA) reported the December ABI score was 52.9, down from a score of 55.0 in the previous month. [...] The new projects inquiry index was 61.9, up from a reading of 61.1 the previous month, while the new design contracts index decreased slightly from 53.2 to 52.7.</p></em><br /><br /><p><em>&ldquo;Overall, 2017 turned out to be a strong year for architecture firms. &nbsp;All but two months saw ABI scores in positive territory,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Additionally, the overall strength of the fourth quarter lays a good foundation for healthy growth in construction activity in 2018.&rdquo;</em></p> <p>The American Institute of Architects reports these key <a href="https://archinect.com/news/tag/4496/abi" rel="nofollow" target="_blank">ABI</a> stats for the month of December:&nbsp;<br></p> <ul><li>Regional averages: South (56.3), West (53.0), Midwest (52.9), Northeast (49.4)</li><li>Sector index breakdown: multi-family residential (55.4), commercial / industrial (54.8), institutional (51.2), mixed practice (50.4)</li><li>Project inquiries index: 61.9</li><li>Design contracts index: 53.2</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/z9/z9ww53y2bocba9lr.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/z9/z9ww53y2bocba9lr.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/90/90xmplu8i38j2dbc.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/90/90xmplu8i38j2dbc.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/9m/9mayic1iukqch23p.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/9m/9mayic1iukqch23p.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from December 2016 - December 2017. Images provided by the American Institute of Architects.</em></p> https://archinect.com/news/article/150042029/architecture-billings-index-strengthens-in-november-despite-uncertainty-over-tax-reform Architecture Billings Index strengthens in November despite uncertainty over tax reform Alexander Walter 2017-12-20T13:21:00-05:00 >2018-01-30T06:16:04-05:00 <img src="https://archinect.imgix.net/uploads/mf/mf5dezvqzatibqsi.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>Even with the uncertainty related to pending tax reform legislation that likely will have a mixed effect on the construction industry, design services at architecture firms remains in high demand. The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month. [...] The new projects inquiry index was 61.1, up from a reading of 60.2 the previous month, while the new design contracts index rose slightly from 52.8 to 53.2.</p></em><br /><br /><p><em>&ldquo;Not only are design billings overall seeing their strongest growth of the year, the strength is reflected in all major regions and construction sectors,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;The construction industry continues to show surprising momentum heading into 2018.&rdquo;</em></p> <p>The AIA reports these key ABI stats for the month of November:<br></p> <ul><li>Regional averages: West (54.8), Northeast (52.8), South (52.8), Midwest (50.4)</li><li>Sector index breakdown: multi-family residential (53.9), mixed practice (53.6), commercial / industrial (53.3), institutional (52.4)</li><li>Project inquiries index: 61.1</li><li>Design contracts index: 53.2</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/tg/tgnb7a4zgq1mmx1y.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/tg/tgnb7a4zgq1mmx1y.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/03/0318tnczygg5a5jq.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/03/0318tnczygg5a5jq.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/ui/uikp4qs37mbnlupz.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/ui/uikp4qs37mbnlupz.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from November 2016 - November 2017. Images provided by the American Institute of Architects.</em></p> https://archinect.com/news/article/150041152/hiring-outlook-in-architecture-expected-to-be-bullish-for-2018 Hiring outlook in architecture expected to be ‘bullish’ for 2018 Alexander Walter 2017-12-12T14:08:00-05:00 >2017-12-13T13:36:10-05:00 <img src="https://archinect.imgix.net/uploads/z4/z41hd3pa930ej94r.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>&ldquo;We&rsquo;re bullish on the outlook for 2018,&rdquo; Kevin Walker, Indeed&rsquo;s senior director of field marketing, said in an interview this week. &ldquo;Assuming employers will do what they say they&rsquo;re going to do, 2018 should be a banner year for the U.S. economy.&rdquo;</p></em><br /><br /><p>The forecast goes on to predict the job sectors where most of the growth is expected: "Architecture and engineering represent the most active sectors: 82 percent of firms in those fields plan to hire more next year."</p> Currently looking for new employment in architecture?&nbsp; <p>Good for you &mdash; the job market is very much in your favor, and the selection of hiring firms is substantial. To stay ahead of the competition and discover your next potential employer, make sure to check out the <a href="https://archinect.com/jobs" rel="nofollow" target="_blank">Archinect job board</a>, narrow down your search results with helpful tools and save your searches for quick access later and to receive email notifications, <a href="https://archinect.com/news/article/69075090/7-reasons-why-you-need-to-be-using-archinect-s-follow-feature" rel="nofollow" target="_blank">follow</a> desired firms to be notified when they're hiring, <a href="http://eepurl.com/cWyTA" rel="nofollow" target="_blank">subscribe</a> to the Archinect Jobs Alert daily email newsletter, follow <a href="https://twitter.com/archinectjobs" rel="nofollow" target="_blank">@ArchinectJobs</a> on Twitter, catch up with our Employer of the Day series <a href="https://archinect.com/news/tag/369546/employer-of-the-day" rel="nofollow" target="_blank">on Archinect</a> and <a href="https://www.facebook.com/Archinect/" rel="nofollow" target="_blank">on&nbsp;Facebook</a>, check out our frequent <a href="https://archinect.com/news/tag/122655/job-search" rel="nofollow" target="_blank">roundups of specialized job opportunities</a>, learn from our popular <a href="https://archinect.com/features/tag/802122/how-to-get-a-job-at-______" rel="nofollow" target="_blank">How to Get a Job at ___</a> series, and make su...</p> https://archinect.com/news/article/150040059/the-aia-responds-to-u-s-congress-tax-reform-bills-you-re-making-a-terrible-mistake The AIA responds to U.S. Congress tax reform bills: "You're making a terrible mistake" Alexander Walter 2017-12-04T16:12:00-05:00 >2018-01-30T06:16:04-05:00 <img src="https://archinect.imgix.net/uploads/hb/hb0xg9bpqzqjkraq.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><p>Following recent developments the Tax Cuts and Jobs Act made in various versions in both the House and the Senate, the <a href="https://archinect.com/news/tag/238/aia" rel="nofollow" target="_blank">American Institute of Architects</a> announced that it would lobby aggressively against "significant inequities" the legislation currently represents.</p> <p>Back in September, the <a href="https://archinect.com/news/article/150030645/the-aia-sounds-cautions-on-tax-reform-proposals" rel="nofollow" target="_blank">AIA already warned</a> about earlier tax reform proposals and called for caution. <br></p> <p>AIA 2017 President Thomas Vonier, FAIA now issued a new statement, alarming that with the current legislation "Congress would be making a terrible mistake":<br></p> <p><em>By weakening the Historic Tax Credits, Congress and the Administration will hurt historic rehabilitation projects all across the country - something to which architects have been committed for decades. Since 1976, the HTCs have generated some&nbsp;$132 billion in private investment, involving nearly 43,000 projects. They are fundamental to maintaining America's architectural heritage.<br></em></p> <p><em>Unfortunately, both bills for some reason continue to exclude architects and other small ...</em></p> https://archinect.com/news/article/150038028/architecture-billings-index-in-october-enters-q4-with-modest-uptick Architecture Billings Index in October enters Q4 with modest uptick Alexander Walter 2017-11-15T14:51:00-05:00 >2017-12-20T13:39:10-05:00 <img src="https://archinect.imgix.net/uploads/rz/rzj2erif0xrpj24r.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>After a stand-alone month of contracting demand for design services, there was a modest uptick in the Architecture Billings Index (ABI) for October. [...] October ABI score was 51.7, up from a score of 49.1 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms [...]. The new projects inquiry index was 60.2, up from a reading of 59.0 the previous month, while the new design contracts index eased slightly from 52.9 to 52.8.</p></em><br /><br /><p><em>&ldquo;As we enter the fourth quarter, there is enough design activity occurring that construction conditions should remain healthy moving through 2018,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Extended strength in inquiries and new design contracts, along with balanced growth across the major building sectors signals further gains throughout the construction industry.&rdquo;</em></p> <p>The AIA reports these key ABI stats for the month of October:</p> <ul><li>Regional averages: Northeast (54.0), South (50.8), West (49.8), Midwest (49.0)</li><li>Sector index breakdown: commercial / industrial (51.2), mixed practice (50.7), multi-family residential (50.7), institutional (50.7)</li><li>Project inquiries index: 60.2</li><li>Design contracts index: 52.8</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/1h/1hq5g764jjztdk5f.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/1h/1hq5g764jjztdk5f.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/7v/7vdarfxukjplhl6x.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/7v/7vdarfxukjplhl6x.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/zh/zh4k7pddel2hwjs9.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/zh/zh4k7pddel2hwjs9.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from October 2016 - October 2017. Images provided by the American Institute of Architects.</em><br></p> https://archinect.com/news/article/150034863/new-report-shows-60-percent-drop-in-u-s-affordable-housing-stock-between-2010-and-2016 New report shows 60-percent drop in U.S. affordable-housing stock between 2010 and 2016 Alexander Walter 2017-10-24T14:20:00-04:00 >2017-10-24T14:20:47-04:00 <img src="https://archinect.imgix.net/uploads/6s/6sa9b0v4t82hzkhb.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The number of apartments deemed affordable for very low-income families&nbsp;across the United States fell by more than 60 percent between 2010 and 2016, according to a new report by Freddie Mac. The report by the government-backed mortgage financier is the first to compare rent increases in specific units over time. It examined loans that the corporation had financed twice between 2010 and 2016, allowing a comparison of the exact same rental units and how their affordability changed.</p></em><br /><br /><p><em>The Washington Post </em>reports about a <a href="http://www.freddiemac.com/multifamily/pdf/rental_affordability_worsening.pdf" rel="nofollow" target="_blank">new report</a> by Freddie Mac: "More renters flooded the market after people lost their homes in the housing crisis. The apartment vacancy rate was 8 percent in 2009, compared to 4 percent in 2017. That trend, coupled with a stagnant supply of apartments, resulted in increased rents."</p> <figure><p><a href="https://archinect.imgix.net/uploads/7p/7pvwuuhfg1s9u02y.png?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/7p/7pvwuuhfg1s9u02y.png?auto=compress%2Cformat&amp;w=514"></a></p></figure><p>Some of the states with the highest decreases in the percentage of affordable units were Colorado and North&nbsp;Carolina.</p> https://archinect.com/news/article/150033960/architecture-billings-index-in-september-retreats-slightly-after-seven-consecutive-months-of-growth Architecture Billings Index in September retreats slightly after seven consecutive months of growth Alexander Walter 2017-10-18T13:34:00-04:00 >2017-10-26T14:59:03-04:00 <img src="https://archinect.imgix.net/uploads/lp/lpfdrpcvqqe652nw.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>After seven months of steady growth in the &nbsp;demand for design services, the Architecture Billings Index (ABI) paused in September. [...] ABI score was 49.1, down from a score of 53.7 in the previous month. This score reflects a slight decrease in design services provided by U.S. architecture firms [...]. The new projects inquiry index was 59.0, down from a reading of 62.5 the previous month, while the new design contracts index eased somewhat from 54.2 to 52.9.</p></em><br /><br /><p><em>&ldquo;We&rsquo;ve seen unexpectedly strong numbers in design activity for most of 2017, so the pause in September should be viewed in that context&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Project inquiries and new design contracts remain healthy, and the continued strength in most sectors and regions indicates stability industry-wide.&rdquo;</em></p> <p>The AIA reports these key ABI stats for the month of September:<br></p> <ul><li>Regional averages: Northeast (56.9), South (54.0), Midwest (50.4), West (48.8)</li><li>Sector index breakdown: commercial / industrial (54.0), mixed practice (52.2), multi-family residential (51.0), institutional (51.0)</li><li>Project inquiries index: 59.0</li><li>Design contracts index: 52.9</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/1e/1exnltznyxf69y6b.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/1e/1exnltznyxf69y6b.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/vl/vlvz9zdkal6dvzf4.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/vl/vlvz9zdkal6dvzf4.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/gi/gi60sahoic0d1uat.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/gi/gi60sahoic0d1uat.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from September 2016 - September 2017. Images provided by the American Institute of Architects.</em></p> https://archinect.com/news/article/150029457/architecture-billings-index-in-august-continues-to-increase-pointing-to-future-healthy-growth Architecture Billings Index in August continues to increase, "pointing to future healthy growth" Alexander Walter 2017-09-20T15:49:00-04:00 >2018-01-30T06:16:04-05:00 <img src="https://archinect.imgix.net/uploads/ka/kaj5x03vfl4x919f.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services [...] the August ABI score was 53.7, up from a score of 51.9 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms [...]. The new projects inquiry index was 62.5, up from a reading of 59.5 the previous month, while the new design contracts index eased somewhat from 56.4 to 54.2.</p></em><br /><br /><p><em>"The August results continue a string of very positive readings from the design professions, pointing to future healthy growth across the major construction sectors, as well as across the major regions of the country,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Given the focus and discussions around the infrastructure needs of the nation, we expect strong growth in design activity for the coming months and years."</em></p> <p>The AIA reports these key ABI stats for the month of August:<br></p> <ul><li>Regional averages: South (55.7), Northeast (54.3), Midwest (52.5), West (51.3)</li><li>Sector index breakdown: commercial / industrial (57.6), multi-family residential (53.8), mixed practice (52.5), institutional (50.1)</li><li>Project inquiries index: 62.5</li><li>Design contracts index: 54.2</li></ul><figure><p><a href="https://archinect.imgix.net/uploads/2x/2x89o0bm94kiinz8.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/2x/2x89o0bm94kiinz8.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/3i/3iwtscc0y77pcc5t.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/3i/3iwtscc0y77pcc5t.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><figure><p><a href="https://archinect.imgix.net/uploads/dt/dt4fe1ran7tbwlqv.jpg?auto=compress%2Cformat&amp;w=1028" rel="nofollow" target="_blank"><img src="https://archinect.imgix.net/uploads/dt/dt4fe1ran7tbwlqv.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><p><em>All graphs represent data from August 2016 - August 2017. Images provided by the American Institute of Architects.</em></p> https://archinect.com/news/article/150024193/architecture-billings-index-in-july-shows-continued-growth Architecture Billings Index in July shows continued growth Alexander Walter 2017-08-23T15:42:00-04:00 >2017-08-23T15:42:32-04:00 <img src="https://archinect.imgix.net/uploads/dj/djvsk8ht11mwbj0f.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>For the sixth consecutive month, architecture firms reported increasing demand for design services as reflected in the July Architecture Billings Index (ABI). [...] score was 51.9, down from a score of 54.2 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 59.5, up from a reading of 58.6 the previous month, while the new design contracts index increased from 53.7 to 56.4.</p></em><br /><br /><p><em>&ldquo;The July figures show the continuation of healthy trends in the construction sector of our economy,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;In addition to the balanced increases in design billings across all major regions and construction sectors, the strong gains in new project work coming into architecture firms points to future growth in design and construction activity over coming quarters.&rdquo;</em></p> <p>The AIA reports these key ABI stats for the month of July:</p> <ul><li>Regional averages: South (53.8), Midwest (53.8), Northeast (53.6), West (50.9)</li><li>Sector index breakdown: multi-family residential (55.8), commercial / industrial (55.4), institutional (52.0), mixed practice (48.4)</li><li>Project inquiries index: 59.5</li><li>Design contracts index: 56.4</li></ul><figure><p><a href="https://d38w84nuu9j2kr.cloudfront.net/uploads/7f/7fp925jaxix5be51.png" rel="nofollow" target="_blank"><img src="https://d38w84nuu9j2kr.cloudfront.net/images/1028x/7f/7fp925jaxix5be51.jpg"></a></p></figure><figure><p><a href="https://d38w84nuu9j2kr.cloudfront.net/uploads/n2/n2kjm4mywtte49y3.png" rel="nofollow" target="_blank"><img src="https://d38w84nuu9j2kr.cloudfront.net/images/1028x/n2/n2kjm4mywtte49y3.jpg"></a></p></figure><figure><p><a href="https://d38w84nuu9j2kr.cloudfront.net/uploads/iu/iu2viwzs09na575m.png" rel="nofollow" target="_blank"><img src="https://d38w84nuu9j2kr.cloudfront.net/images/1028x/iu/iu2viwzs09na575m.jpg"></a></p></figure><p><em>All graphs represent data from July 2016 - July 2017. Images provided by the American Institute of Architects.</em></p> https://archinect.com/news/article/150019125/aia-s-consensus-construction-forecast-downgrades-expectations-for-2017-and-2018 AIA's Consensus Construction Forecast downgrades expectations for 2017 and 2018 Alexander Walter 2017-07-24T15:51:00-04:00 >2017-07-24T15:51:17-04:00 <img src="https://archinect.imgix.net/uploads/6w/6wqra7p92xl2pavv.gif" border="0" /><em><p>Entering 2017, construction forecasters were quite optimistic about the near-term outlook for the industry. [...] However, as of the mid-year 2017 update, the grounds of this euphoria are evaporating. [...] key elements of the Trump administration&rsquo;s legislative agenda have made almost no progress. [...] As a result, the AIA Consensus Construction Forecast panel is predicting slower growth for the construction industry for the remainder of 2017 and through 2018.</p></em><br /><br /><p><em>"The slower estimated growth for 2017 is expected to continue through 2018. Overall spending growth is currently projected by the Consensus Forecast panel at 3.6 percent for next year, down modestly from the 4.9 percent forecast entering this year. Commercial construction is expected to perform closest to prior expectations, with the 4.0 percent expected growth in spending for 2018 down less than 0.5 percentage points from the late-2016 forecast. Industrial construction is now likely to see very modest 1.1 percent growth next year, down from the prior expectations of 3.3 percent, while the institutional outlook has dropped from the 5.8 percent forecast of six months ago to 4.1 percent with the current projections."</em></p> <p>For the full report and an interactive version of the infographic above, head over to <a href="https://www.aia.org/articles/139741-moderating-economic-growth-triggers-constru" rel="nofollow" target="_blank">aia.org</a>.<br></p> https://archinect.com/news/article/150018362/architecture-billings-index-in-june-ends-second-quarter-on-strong-note Architecture Billings Index in June ends second quarter on "strong note" Alexander Walter 2017-07-19T13:37:00-04:00 >2017-07-19T13:37:36-04:00 <img src="https://archinect.imgix.net/uploads/uc/uczfstis7zjdo7hm.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>For the fifth consecutive month, architecture firms recorded increasing demand for design services as reflected in the June Architecture Billings Index (ABI). [...] June ABI score was 54.2, up from a score of 53.0 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 58.6, down from a reading of 62.4 the previous month, while the new design contracts index decreased from 54.8 to 53.7.</p></em><br /><br /><p><em>&ldquo;So far this year, new activity coming into architecture firms has generally exceeded their ability to complete ongoing projects,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Now, firms seem to be ramping up enough to manage these growing workloads.&rdquo;</em></p> <p>The AIA reports these key ABI stats for the month of June:</p> <ul><li>Regional averages: South (54.8), West (53.1), Midwest (51.9), Northeast (51.5)</li><li>Sector index breakdown: multi-family residential (57.1), mixed practice (53.8), institutional (52.6), commercial / industrial (52.1)</li><li>Project inquiries index: 58.6</li><li>Design contracts index: 53.7</li></ul><figure><p><a href="http://cdn.archinect.net/images/1028x/z3/z3n6uwrw0ndp2w1k.jpg" rel="nofollow" target="_blank"><img src="http://cdn.archinect.net/images/1028x/z3/z3n6uwrw0ndp2w1k.jpg"></a></p></figure><figure><p><a href="http://cdn.archinect.net/images/1028x/av/av7xjxr4h9q357v4.jpg" rel="nofollow" target="_blank"><img src="http://cdn.archinect.net/images/1028x/av/av7xjxr4h9q357v4.jpg"></a></p></figure><figure><p><a href="http://cdn.archinect.net/images/1028x/oh/oh6y9re4u7iff017.jpg" rel="nofollow" target="_blank"><img src="http://cdn.archinect.net/images/1028x/oh/oh6y9re4u7iff017.jpg"></a></p></figure><p><em>All graphs represent data from June 2016 - June 2017. Images provided by the American Institute of Architects.</em><br></p> https://archinect.com/news/article/150013767/architecture-billings-index-in-may-shows-gains-in-all-sectors-and-balanced-growth Architecture Billings Index in May shows gains in all sectors and "balanced growth" Alexander Walter 2017-06-21T13:53:00-04:00 >2017-06-21T13:54:22-04:00 <img src="https://archinect.imgix.net/uploads/ly/lyrucphl0t81wm35.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>Design services at architecture firms continue to project a healthy disposition on the construction industry as the Architecture Billings Index (ABI) recorded the fourth consecutive month of growth. [...] (AIA) reported the May ABI score was 53.0, up from a score of 50.9 in the previous month. This score reflects an increase in design services (any score above 50 indicates an increase in billings).</p></em><br /><br /><p><em>&ldquo;The fact that the data surrounding both new project inquiries and design contracts have remained positive every month this year, while reaching their highest scores for the year, is a good indication that both the architecture and construction sectors will remain healthy for the foreseeable future,&rdquo; AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;This growth hasn&rsquo;t been an overnight escalation, but rather a steady, stable increase.&rdquo;</em></p> <p>The AIA reports these key ABI stats for the month of May:</p> <ul><li>Regional averages: South (56.1), West (52.3), Midwest (50.4), Northeast (46.5)</li><li> Sector index breakdown: mixed practice (55.8), multi-family residential (51.3), commercial / industrial (51.2), institutional (51.2)</li><li>Project inquiries index: 62.4</li><li>Design contracts index: 54.8</li></ul><figure><p><a href="http://cdn.archinect.net/images/1028x/cq/cq2d811uad74l4h0.jpg" rel="nofollow" target="_blank"><img src="http://cdn.archinect.net/images/1028x/cq/cq2d811uad74l4h0.jpg"></a></p></figure><figure><p><a href="http://cdn.archinect.net/images/1028x/ji/jiqzbe1h1uwab0h0.jpg" rel="nofollow" target="_blank"><img src="http://cdn.archinect.net/images/1028x/ji/jiqzbe1h1uwab0h0.jpg"></a></p></figure><figure><p><a href="http://cdn.archinect.net/images/1028x/wv/wvk5fesdc6w1xsgu.jpg" rel="nofollow" target="_blank"><img src="http://cdn.archinect.net/images/1028x/wv/wvk5fesdc6w1xsgu.jpg"></a></p></figure><p><em>All graphs represent data from May 2016 - May 2017. Images provided by the American Institute of Architects.</em><br></p> https://archinect.com/news/article/150009120/architecture-billings-index-in-april-posts-third-consecutive-month-of-growth Architecture Billings Index in April posts third consecutive month of growth Alexander Walter 2017-05-24T13:58:00-04:00 >2017-05-24T14:00:00-04:00 <img src="https://archinect.imgix.net/uploads/yo/yoxh8pv7ha8azr2e.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>After beginning the year with a marginal decline, the Architecture Billings Index has posted three consecutive months of growth in design revenue at architecture firms. [...] (AIA) reported the April ABI score was 50.9, down from a score of 54.3 in the previous month. This score still reflects an increase in design services [...]. The new projects inquiry index was 60.2, up from a reading of 59.8 the previous month, while the new design contracts index increased from 52.3 to 53.2.</p></em><br /><br /><p><em>&ldquo;Probably even better news for the construction outlook is that new project work coming into architecture firms has seen exceptionally strong growth so far this year,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;In fact, new project activity has pushed up project backlogs at architecture firms to their highest level since the design market began its recovery earlier this decade.&rdquo; &nbsp;</em></p><p>The AIA reports these key ABI stats for the month of April:</p><ul><li>Regional averages: South (55.3), Midwest (53.3), West (50.9), Northeast (50.7)</li><li>Sector index breakdown: institutional (54.0), mixed practice (53.4), commercial / industrial (52.4), multi-family residential (49.9)</li><li>Project inquiries index: 60.2</li><li>Design contracts index: 53.2</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/j8/j87zldzllo900t80.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/h6/h69mzizcan3zm6i7.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/7z/7zrs1jtltj3d1d7c.jpg"></p><p><em>All graphs represent data from April 2016 - April 2017, images via aia.org.</em></p> https://archinect.com/news/article/150003789/architecture-billings-index-in-march-ends-first-quarter-with-sizable-increase Architecture Billings Index in March ends first quarter with sizable increase Alexander Walter 2017-04-19T15:22:00-04:00 >2017-04-20T13:33:25-04:00 <img src="https://archinect.imgix.net/uploads/2h/2hqkmoba5sz4xilr.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The first quarter of the year ended on a positive note for the Architecture Billings Index (ABI). [...] The American Institute of Architects (AIA) reported the March ABI score was 54.3, up from a score of 50.7 in the previous month. This score reflects a sizable increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.8, down from a reading of 61.5 the previous month, while the new design contracts index dipped from 54.7 to 52.3.</p></em><br /><br /><p><em>&ldquo;The first quarter started out on uneasy footing, but fortunately ended on an upswing &nbsp;entering the traditionally busy spring season,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &nbsp;&ldquo;All sectors showed growth except for the commercial/industrial market, which, for the first time in over a year displayed a decrease in design services.&rdquo;</em></p><p>The AIA reports these key ABI stats for the month of March:</p><ul><li>Regional averages: Midwest (54.6), South (52.6), Northeast (52.4), West (50.2)</li><li>Sector index breakdown: multi-family residential (54.6), mixed practice (53.7), institutional (52.9), commercial / industrial (49.8)</li><li>Project inquiries index: 59.8</li><li>Design contracts index: 52.3</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/zu/zuirvfen4w0x74mf.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/15/15o4vskzs13aov6b.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/xu/xuf3f69qrkam7n0s.jpg"></p><p><em>All graphs represent data from March 2016 - March 2017, images via aia.org.</em></p> https://archinect.com/news/article/149998882/architecture-billings-index-in-february-climbs-back-into-positive-terrain Architecture Billings Index in February climbs back into positive terrain Alexander Walter 2017-03-22T13:56:00-04:00 >2017-03-23T13:28:19-04:00 <img src="https://archinect.imgix.net/uploads/gc/gckzusl8kj374pc0.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The Architecture Billings Index (ABI) returned to growth mode in February, after a weak showing in January. [...] (AIA) reported the February ABI score was 50.7, up from a score of 49.5 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 61.5, up from a reading of 60.0 the previous month, while the new design contracts index climbed from 52.1 to 54.7.</p></em><br /><br /><p><em>&ldquo;The sluggish start to the year in architecture firm billings should give way to stronger design activity as the year progresses,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;New project inquiries have been very strong through the first two months of the year, and in February new design contracts at architecture firms posted their largest &nbsp;monthly gain in over two years.&rdquo;</em></p><p>The AIA reports these key ABI highlights for the month of February:</p><ul><li>Regional averages: Midwest (52.4), South (50.5), Northeast (50.0), West (47.5)</li><li>Sector index breakdown: institutional (51.8), multi-family residential (49.3), mixed practice (49.2), commercial / industrial (48.9)</li><li>Project inquiries index: 61.5</li><li>Design contracts index: 54.7</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/qj/qjhlblofa9f9jv27.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/7a/7a2wrzsdf2glru2m.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/te/tevmiikk9vmvrbnq.jpg"></p><p><em>All graphs represent data from February 2016 - February 2017, images via aia.org.</em></p> https://archinect.com/news/article/149996307/vietnam-s-architectural-past-is-being-erased-by-new-economic-forces Vietnam's architectural past is being erased by new economic forces Julia Ingalls 2017-03-09T12:42:00-05:00 >2017-03-09T12:42:11-05:00 <img src="https://archinect.imgix.net/uploads/2u/2uqgve4qfo8wcfox.JPG?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><p>What's the value of history? It's a question that keeps coming up around the world as new projects displace older architecture. In Vietnam, many of Ho Chi Minh City's distinctive (and, in many cases, French-colonial-era) structures are being dispatched to memory in favor of newer developments meant to stimulate the economy. As this article in <a href="http://www.usatoday.com/story/news/world/2017/03/04/vietnam-architectural-gems-disappearing/97098474/" rel="nofollow" target="_blank">USA Today</a> notes:</p><p><em>Preservationists say developers and government officials are&nbsp;intent on making&nbsp;this city&nbsp;modern and care little for the vestiges of its colonial past. But destroying so many historic buildings, they warn, makes the city less livable and less attractive to tourists &mdash; which could undercut&nbsp;economic growth the government hopes to foster.</em></p> https://archinect.com/news/article/149993373/architecture-billings-index-in-january-enters-2017-with-modest-decrease Architecture Billings Index in January enters 2017 with modest decrease Alexander Walter 2017-02-22T15:43:00-05:00 >2017-02-22T15:43:21-05:00 <img src="https://archinect.imgix.net/uploads/wn/wnwn5wtnfiyyxrtm.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The Architecture Billings Index (ABI) dipped slightly into negative territory in January, after a very strong showing in December. [...] The American Institute of Architects (AIA) reported the January ABI score was 49.5, down from a score of 55.6 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 60.0, up from a reading of 57.6 the previous month.</p></em><br /><br /><p><em>&ldquo;This small decrease in activity, taking into consideration strong readings in project inquiries and new design contracts, isn&rsquo;t exactly a cause for concern,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;The fundamentals of a sound nonresidential design and construction market persist.&rdquo; &nbsp;</em></p><p><em>* Every January the AIA research department updates the seasonal factors used to calculate the ABI, resulting in a revision of recent ABI values.</em></p><p>The AIA reports these key ABI highlights for the month of January:</p><ul><li>Regional averages: South (54.2), Northeast (53.0), Midwest (52.4), West (48.8)</li><li>Sector index breakdown: institutional (54.6), commercial / industrial (53.4), mixed practice (48.1), multi-family residential (48.1)</li><li>Project inquiries index: 60.0</li><li>Design contracts index: 52.1</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/vl/vlqk9hw2g94m4nca.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/xf/xfm06lbhrd296mfe.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/do/dok39trdaedti51e.jpg"></p><p><em>All graphs represent data from January 2016 - January 2017, images via aia.org.</em></p> https://archinect.com/news/article/149987146/architecture-billings-index-in-december-ends-year-with-sharp-uptick Architecture Billings Index in December ends year with sharp uptick Alexander Walter 2017-01-18T14:13:00-05:00 >2017-01-21T17:37:44-05:00 <img src="https://archinect.imgix.net/uploads/p7/p79mltb4xenwfpc5.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings. [...] (AIA) reported the December ABI score was 55.9, up sharply from 50.6 in the previous month. This score reflects the largest increase in design services in 2016 (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.2, down from a reading of 59.5 the previous month.</p></em><br /><br /><p><em>&ldquo;The sharp upturn in design activity as we wind down the year is certainly encouraging. This bodes well for the design and construction sector as we enter the new year&rdquo;,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;However, December is an atypical month for interpreting trends, so the coming months will tell us a lot more about conditions that the industry is likely to see in 2017.&rdquo;</em></p><p>The AIA reports these key ABI highlights for the month of December:</p><ul><li>Regional averages: Midwest (54.4), Northeast (54.0), South (53.8), West (48.8) &nbsp;</li><li>Sector index breakdown: commercial / industrial (54.3), institutional (53.3), mixed practice (51.9), multi-family residential (50.6) &nbsp;</li><li>Project inquiries index: 57.2 &nbsp;</li><li>Design contracts index: 51.2</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/xy/xyq1fsuqkgg5y58b.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/pn/pn37w3ur2b6oqdgp.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/sa/saz6qgpnkdjwvddl.jpg"></p><p><em>All graphs represent data from December 2015 - December 2016, images via aia.org.</em></p> https://archinect.com/news/article/149984719/the-luxury-apartment-boom-is-about-to-come-to-a-screeching-halt The luxury apartment boom is about to come to a screeching halt Nicholas Korody 2017-01-04T13:13:00-05:00 >2018-01-30T06:16:04-05:00 <img src="https://archinect.imgix.net/uploads/kf/kfe83hmk4e1lxm6n.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><p>&nbsp;The Wall Street Journal <a href="http://www.wsj.com/articles/luxury-apartment-boom-looks-set-to-fizzle-in-2017-1483358401#livefyre-comment" rel="nofollow" target="_blank">reports</a> that the seven-year long boom in luxury apartment development is about to fizzle out. Since early 2010, U.S. apartment rents have risen more than 26%&mdash;a pace much faster than either inflation or income growth. This pattern began to slow last year, when rents rose just 3.8%. Faced with a superabundance of new apartments that outstrips demand, landlords are prepping to cut rents and offer concessions. According to the report, landlords in Los Angeles are starting to offer free parking while developers in New York are offering up to three months free rent.</p><p>A couple of years ago, several emerging demographic patterns led to a rush to build new luxury properties. Most notably, in the post-housing crash market, young, high-earning professionals were less likely to buy homes and instead headed back to the city. But the boom outpaced demand, and now major cities are chock-full of fancy digs with not enough wealthy folks to fill them.</p><p>More on the American housin...</p> https://archinect.com/news/article/149983541/architecture-billings-index-in-november-reports-another-slight-increase Architecture Billings Index in November reports another slight increase Alexander Walter 2016-12-21T13:05:00-05:00 >2017-01-18T14:03:37-05:00 <img src="https://archinect.imgix.net/uploads/dc/dc2jt3scso4zzaok.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>Coming off a modest increase after two consecutive months of contraction, the Architecture Billings Index (ABI) recorded another small increase in demand for design services. [...] AIA reported the November ABI score was 50.6, essentially unchanged from the mark of 50.8 in the previous month. This score reflects a slight 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 55.4 the previous month.</p></em><br /><br /><p><em>&ldquo;Without many details of the policies proposed, it&rsquo;s still too early to tell the likely impact of the programs of the new administration,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;However, architects will be among the first to see what new construction projects materialize and what current ones get delayed or cancelled, so the coming months should tell us a lot about the future direction of the construction market.&rdquo;</em></p><p>The AIA reports these key ABI highlights for the month of November:</p><ul><li>Regional averages: South (51.3), Midwest (50.9), Northeast (50.8), West (48.6)</li><li>Sector index breakdown: &nbsp;multi-family residential (51.7), mixed practice (51.3), commercial / industrial (50.4), institutional (49.5)</li><li>Project inquiries index: 59.5</li><li>Design contracts index: 50.2</li></ul><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/91/91ysslu6z41bqhum.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/h5/h5fpfmjkqeo1nvk1.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/650x/3q/3qiliq7lfg0zd7i6.jpg"></p><p><em>All graphs represent data from November 2015 - November 2016, images 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/149978830/architecture-billings-index-in-october-improves-modestly-after-two-month-contraction" rel="nofollow" target="_blank">Architecture Billings Index in October improves modestly after two-month contraction</a></li><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 I...</a></li></ul> https://archinect.com/news/article/149983058/examining-the-politics-of-starchitect-megaprojects-in-abu-dhabi Examining the politics of starchitect megaprojects in Abu Dhabi Justine Testado 2016-12-16T15:18:00-05:00 >2018-01-30T06:16:04-05:00 <img src="https://archinect.imgix.net/uploads/kg/kg5edzi57rzrib7s.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em><p>Even if Abu Dhabi has almost unique economic and institutional conditions and rests for now as a borderline case of development profiles, it still highlights several common problems in contemporary large-scale development projects and in the use of star architecture in other parts of the world: little care for the context of branded projects, de-politicization of urban development, weak and inconsistent public planning...[and] spectacular architecture [for] global competition and media exposure</p></em><br /><br /><p>An excerpt from the upcoming book&nbsp;<a href="http://www.monacellipress.com/book/?isbn=9781580934688" rel="nofollow" target="_blank">&ldquo;Starchitecture. Scenes, Actors, and Spectacles in Contemporary Cities&rdquo;</a> by Davide Ponzini and Michele Nastasi examines Abu Dhabi's Saadiyat Island megaproject, and argues how such projects show the&nbsp;little influence that famous architects can have on city-building initiatives today.</p><p>More on Archinect:</p><p><a href="http://archinect.com/news/article/148814474/masdar-abandons-its-dream-of-becoming-the-first-zero-carbon-city" rel="nofollow" target="_blank">Masdar abandons its dream of becoming the first zero-carbon city</a></p><p><a href="http://archinect.com/news/article/149966419/architecture-has-sacrificed-its-aspiration-to-deepen-public-life" rel="nofollow" target="_blank">Architecture has sacrificed its aspiration to deepen public life</a></p><p><a href="http://archinect.com/news/article/133432736/gulf-labor-initiative-renews-criticism-of-abu-dhabi-museums-over-migrant-workers-rights" rel="nofollow" target="_blank">Gulf Labor initiative renews criticism of Abu Dhabi museums over migrant workers' rights</a></p> https://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 >2016-12-21T13:11:04-05:00 <img src="https://archinect.imgix.net/uploads/7b/7be22fv3x8lgt5k4.png?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><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 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 50, ...</a></li></ul> https://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="https://archinect.imgix.net/uploads/4a/4af9d1fea797152c5405a697d041c75f?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><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> https://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="https://archinect.imgix.net/uploads/c0/c0ox1td61zx4oqkv.PNG?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><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> https://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="https://archinect.imgix.net/uploads/rv/rvwhm3ufqsuvqoaw.jpg?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><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>