The latest economic data issued by the American Institute of Architects confirm the fifteenth consecutive month of growing demand in design services as reported by architecture firms across the U.S. The Architecture Billings Index for April moderated slightly to a score of 56.5 from a near-record 58.0 score in March but remained in solid growth territory.
New project inquiries and design contracts during April experienced a mild descent compared to March, reporting scores of 62.3 and 55.4 respectively, but kept a positive trajectory.
"While business conditions at architecture firms have been very encouraging over the past year, project activity has been steadily shifting toward work on existing buildings," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "Billings for reconstruction projects exceeded those for new construction for the first time in the last two decades. While the reconstruction share of building activity will continue to ebb and flow, in general, we’ll continue to move toward an increased share of building activity for reconstruction and a decreased share for new construction."
Archinect Jobs, the industry-leading architecture job board, has seen a sharp uptick in hiring activity in recent months. Take a look at the extensive 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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