Architecture Billings Index Continues Its Streak of Soft Readings

Submitted by vcb_prod on Wed, 08/21/2019 - 12:14
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{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["b"]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON \u2013 Aug. 21,\n2019"],[0,[],0," \u2013 Demand\nfor design services in July remained essentially flat in comparison to the\nprevious month, according to a new report released today from The American\nInstitute of Architects (AIA).\n"]]],[1,"p",[[0,[],0,"\nAIA\u2019s Architecture Billings Index (ABI)\nscore of 50.1 in July showed a small increase in design services since June,\nwhich was a score of 49.1. Any score above 50 indicates an increase in\nbillings. In July, the design contracts score dipped into negative territory\nfor the first time in almost a year. Additionally, July billings softened in\nall regions except the West, and at firms of all specializations except\nmultifamily residential. "]]],[1,"p",[[0,[],0,"\u201cThe data is not the same as what we saw leading up to the\nlast economic downturn but the continued, slowing across the board will\nundoubtedly impact architecture firms and the broader construction industry in\nthe coming months,\u201d said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. \u201cA\ngrowing number of architecture firms are reporting that the ongoing volatility\nin the trade situation, the stock market, and interest rates are causing some\nof their clients to proceed more cautiously on current projects.\u201d"]]],[1,"p",[[0,[0],1,"Key ABI highlights for July include:"]]],[3,"ul",[[[0,[],0,"Regional averages: West (51.2);\nMidwest (48.9); South (48.3); Northeast (48.3)"]],[[0,[],0,"Sector index breakdown: multi-family\nresidential (50.6); institutional (49.8); commercial\/industrial (49.2); mixed\npractice (48.9)"]],[[0,[],0,"Project inquiries index: 54.9"]],[[0,[],0,"Design contracts index: 49.0"]]]],[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."]]]]}
Subtitle
Decline in new design contracts suggests volatility in design activity to persist
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Matt Tinder
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Architecture Billings Index Continues Its Streak of Soft Readings
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ABI, Billings, Index, Data, Economic, Work on the boards
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[{"updated-date":"2019-08-21T12:14:00+00:00","author-name":"Matthew Tinder","author-id":"86B1AA47-3F15-4161-B31F-6839EC974A24","action":"created"},{"updated-date":"2019-08-21T12:14:00+00:00","author-name":"Matthew Tinder","author-id":"86B1AA47-3F15-4161-B31F-6839EC974A24","action":"published"}]
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