Architecture firm billings growth expanded in November by a healthy margin, according to a new report today from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for November was 54.7 compared to 50.4 in October. With the strongest billings growth figure since January and continued strength in new project inquiries and design contracts, billings are closing the year on a strong note.
— AIA
“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries, and new design contracts,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “For the coming year, concerns about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”
The American Institute of Architects reports these key ABI stats for the month of November:
All graphs represent data from November 2017 - November 2018. Images provided by the American Institute of Architects.
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