Architecture Billings Index remains on solid footing

Submitted by on Wed, 07/20/2016 - 12:12
{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["a",["href","http:\/\/\/resources\/10046-the-architecture-billings-index"]],["a",["href","http:\/\/\/sites\/default\/files\/2016-04\/Designing-Construction-Future_3-14.pdf"]],["a",["href","http:\/\/","target","_self"]]],"sections":[[1,"p",[[0,[0],1,"For immediate release: "]]],[1,"p",[[0,[],0,"\nWashington, DC \u2013 July 20, 2016 \u2013 Buoyed by increasing levels of demand across\nall project types, the Architecture Billings Index (ABI) was positive in June\nfor the fifth consecutive month. As a leading economic indicator of construction activity,\nthe ABI reflects the approximate nine to twelve month lead time between\narchitecture billings and construction spending. The American Institute of\nArchitects (AIA) reported the June ABI score was 52.6, down from the mark of\n53.1 in the previous month. This score still reflects an increase in design\nservices (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.6, down\nfrom a reading of 60.1 the previous month."]]],[1,"p",[[0,[],0,"\u201cDemand for residential\nprojects has surged this year, greatly exceeding the pace set in 2015. This\nsuggests strong future growth for housing in the coming year,\u201d said AIA Chief\nEconomist, Kermit Baker, Hon. AIA, PhD. \n\u201cWhile we expect to see momentum continue for the overall design and\nconstruction industry in the months ahead, the fact that the value of design\ncontracts dipped into negative territory in June for the first time in more\nthan two years is something of a concern.\u201d"]]],[1,"p",[[0,[0],1,"Key June ABI\nhighlights:"]]],[3,"ul",[[[0,[],0,"Regional\n averages: South (55.5), West (54.1), Northeast (51.8), Midwest (48.2) "]],[[0,[],0,"Sector index breakdown: multi-family residential (57.9), institutional (52.7), mixed\n practice (51.0), commercial \/ industrial (50.3) "]],[[0,[],0,"Project inquiries index: 58.6"]],[[0,[],0,"Design contracts index: 49.7"]]]],[1,"p",[[0,[],0,"The regional\nand sector categories are calculated as a 3-month moving average, whereas the\nnational index, design contracts and inquiries are monthly numbers. "]]],[1,"h3",[[0,[],0,"\nAbout the AIA Architecture\nBillings Index\n"]]],[1,"p",[[0,[],0,"The Architecture Billings Index (ABI), produced by the "],[0,[1],1,"AIA Economics \u0026\nMarket Research Group"],[0,[],0,", is a leading economic indicator that provides\nan approximately nine to twelve month glimpse into the future of nonresidential\nconstruction spending activity. The diffusion indexes contained in the full\nreport are derived from a monthly \u201cWork-on-the-Boards\u201d survey that is sent to a\npanel of AIA member-owned firms. Participants are asked whether their billings\nincreased, decreased, or stayed the same in the month that just ended as\ncompared to the prior month, and the results are then compiled into the\nABI. These monthly results are also seasonally adjusted to allow for\ncomparison to prior months. The monthly ABI index scores are centered around\n50, with scores above 50 indicating an aggregate increase in billings, and\nscores below 50 indicating a decline. The regional and sector data are\nformulated using a three-month moving average. More information on the ABI and\nthe analysis of its relationship to construction activity can be found in the\nrecently released White Paper, Designing the Construction Future: Reviewing the\nPerformance and Extending the Applications of the AIA\u2019s Architecture Billings\nIndex on the "],[0,[2],1,"AIA web site"],[0,[],0,"."]]],[1,"h3",[[0,[],0,"About The American\nInstitute of Architects\n"]]],[1,"p",[[0,[],0,"Founded in 1857, the American Institute of Architects consistently works to\ncreate more valuable, healthy, secure, and sustainable buildings,\nneighborhoods, and communities. Through nearly 300 state and local chapters,\nthe AIA advocates for public policies that promote economic vitality and public\nwellbeing. Members adhere to a code of ethics and conduct to ensure the highest\nprofessional standards. The AIA provides members with tools and resources to\nassist them in their careers and business as well as engaging civic and\ngovernment leaders and the public to find solutions to pressing issues facing\nour communities, institutions, nation and world. Visit "],[0,[3],1,""],[0,[],0,"."]]]]}
Highest levels of demand at residential firms in over two years
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The Architecture Billings Index for June was 52.6, which reflects an increase in design services at architecture firms.
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