Demand for design services in May remained essentially flat in comparison to the previous month, according to a new report [...] from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. Any score above 50 indicates an increase in billings. Both the project inquiries index and the design contracts index softened in May but remained positive.
— AIA
"The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "While both inquiries into new projects and the value of new design contracts remained positive, they both softened in May, another sign the amount of pending work in the pipeline at firms may be starting to stabilize."
The American Institute of Architects reports these key ABI stats for the month of May:
All graphs represent data from May 2018 – May 2019. Images provided by the American Institute of Architects.
1 Comment
The Architectural fees are coming in, but the employees incomes are going down, and people in the offices of architects, and engineering firms are declining. It is being run by big business that are not doing the work the companies are hired to do. I have 5 projects as a soil and materials tester today where the architectural firm and the engineering firms are substandard deliverables to their clients and construction companies. In MN menards has a project were the footings dont meet the required depth, etc.
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