Architecture billings remain flat

Submitted by vcb_prod on Wed, 06/19/2019 - 13:01
{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["b"]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON \u2013 June 19,\n2019 "],[0,[],0,"\u2013 Demand for design services in May remained\nessentially flat in comparison to the previous month, according to a new report\ntoday from The American Institute of Architects (AIA)."]]],[1,"p",[[0,[],0,"AIA\u2019s Architecture\nBillings Index (ABI) score for May showed a small increase in design services\nat 50.2, which is slightly down from 50.5 in April. Any score above 50\nindicates an increase in billings. Both the\nproject inquiries index and the design contracts index softened in May but\nremained positive."]]],[1,"p",[[0,[],0,"\u201cThe last four\nconsecutive months, firm billings have either decreased or been flat, the\nlongest period of that level of sustained softness since 2012,\u201d said AIA Chief\nEconomist Kermit Baker, PhD, Hon. AIA. \u201cWhile both inquiries into new projects\nand the value of new design contracts remained positive, they both softened in\nMay, another sign the amount of pending work in the pipeline at firms may be\nstarting to stabilize.\u201d"]]],[1,"p",[[0,[0],1,"Key ABI highlights for May include:"]]],[3,"ul",[[[0,[],0,"Regional averages:\nMidwest (51.6); South (51.4); West (50.0); Northeast (47.5)"]],[[0,[],0,"Sector index breakdown:\nmixed practice (55.4); commercial\/industrial (53.0); institutional (48.0); multi-family\nresidential (46.0)"]],[[0,[],0,"Project inquiries index: 56.2"]],[[0,[],0,"Design contracts index: 50.9"]]]],[1,"p",[[0,[],0,"The regional and sector categories are calculated as a three-month moving\naverage, whereas the national index, design contracts and inquiries are monthly\nnumbers."]]],[1,"h3",[[0,[1],1,"About AIA"]]],[1,"p",[[0,[],0,"Founded\nin 1857, AIA consistently works to create more valuable, healthy, secure, and\nsustainable buildings, neighborhoods, and communities. Through more than 200\ninternational, state and local chapters, AIA advocates for public policies that\npromote economic vitality and public wellbeing."]]],[1,"p",[[0,[],0,"AIA provides members with tools and resources to assist them\nin their careers and business as well as engaging civic and government leaders\nand the public to find solutions to pressing issues facing our communities,\ninstitutions, nation, and world. Members adhere to a code of ethics and conduct\nto ensure the highest professional standards."]]]]}
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Architecture billings remain flat
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