The data contained in the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA) shows a "considerable" decrease in the demand for design services across the industry in a sign that points to the arrival of a long-dreaded turndown for firms heading into the new year. 

The ABI score for October was 47.7, down from September's 51.7 total and representing the first time since January of 2021 that the index has fallen below the threshold of 50 (which indicates a decline). The overall value of design contracts also dropped to a score of 48.6, with an increase in new project inquiries recorded at a score of 52.3.

October ABI Highlights:

• Regional averages: Midwest (50.8); South (50.6); Northeast (50.3); West (49.6)
• Sector index breakdown: institutional (54.3); mixed practice (50.8); multi-family residential (46.1); commercial/industrial (45.9)

“Economic headwinds have been steadily mounting, and finally led to weakening demand for new projects,” the AIA Chief Economist, Kermit Baker, said, touching briefly on the industry's growing fear. “Firm backlogs are healthy and will hopefully provide healthy levels of design activity against fewer new projects entering the pipeline should this weakness persist.”

Archinect Jobs, the industry-leading architecture job board, has seen elevated hiring activity throughout the year. 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.