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’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.
— AIA
“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,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “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.”
The American Institute of Architects reports these key ABI stats for the month of April:
All graphs represent data from April 2017 - April 2018. Images provided by the American Institute of Architects.
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