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. — aia.org
The AIA states these key ABI highlights for the month of August:
2 Comments
It was August, everyone was on vacation!
Isn’t just summer or just architecture. Following single family home construction is prudent and the graph is the same. Wouldn't hit the panic button, but would keep a finger near it.
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