The American Institute of Architects’ latest economic data shows that May was the sixteenth consecutive month of growing demand for design services across the U.S. The Architecture Billings Index for May, which uses feedback from architecture firms, finished at a score of 53.5. While down on April’s score of 56.5, the figure still represents very strong business conditions, considering any score above 50 indicates an increase in billings from the previous month.
New project inquiries and design contracts indexes also expanded, posting scores of 63.9 and 56.9 respectively, up from 62.3 and 55.4 in April.
“The strength in design activity over the past three months has produced a broader base of gains. The Northeast region and Institutional sector have struggled with slow billings activity, but now have posted consecutive months of positive scores.” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “With the improvement in inquiries and new design projects, demand for design services will likely remain high for the next several months, despite strong economic headwinds.”
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.
No Comments
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.