A new economic report released by the American Institute of Architects this morning indicates the seventh consecutive month of increasing architecture billings. The Architecture Billings Index (ABI) rose by one point from 54.6 in July to 55.6 in August.
New project inquiries and design contracts softened slightly in August but remained in positive territory with reported scores of 64.7 and 56.6 respectively.
"The surge in design activity continued in August, signifying an expected upturn in construction activity in the fourth quarter and continuing into 2022," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "This expected expansion will magnify the already serious problems of price inflation and availability of many construction products and materials, as well as the emerging labor shortages in the industry."
Archinect Jobs, the industry-leading architecture job board, has seen a sharp increase in hiring activity in recent months. Take a look at the long list of opportunities or post your firm's openings now. To browse thousands of job seeker profiles and find the right candidates quickly, try Archinect's Talent Finder service.
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