Continued economic recovery and strengthening confidence are the main takeaways from the latest report released by the American Institute of Architects this morning. After rising to a score of 55.6 in March, the Architecture Billings Index (ABI) for April expanded to 57.9 — the third consecutive month of positive billings with scores not reported since before the Great Recession.
The scores for new project inquiries and new design contracts climbed to record readings of 70.8 and 61.7 respectively.
Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in Archinect's industry-leading architecture job board.
"This recent acceleration in the demand for design services demonstrates that both consumers and businesses are feeling much more confident about the economic outlook," said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. "The pent-up demand for new and retrofitted facilities is keeping architecture firms in all regions and building sectors busy."
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