Architecture Billings Index slows but remains healthy

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["a",["href","https:\/\/www.aia.org\/resources\/10046-architecture-billings-index-abi"]],["b"]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON \u2013 August 24,\n2022 "],[0,[],0,"\u2013 For the eighteenth consecutive month architecture\nfirms reported increasing demand for design services in July, according to a\nnew report today from The American Institute of Architects (AIA)."]]],[1,"p",[[0,[],0,"\n\nThe AIA Architecture Billings Index (ABI) score for July was 51.0. While this\nscore is down from June\u2019s score of 53.2, it still indicates stable business\nconditions for architecture firms (any score above 50 indicates an increase in\nbillings from the prior month). Also in July, both the new project inquiries\nand design contracts indexes moderated from June but remained strong with scores\nof 56.1 and 52.9 respectively. "]]],[1,"p",[[0,[],0,"\n\n\n\u201cDespite architecture services employment recently surpassing\npre-pandemic levels, the ABI score this month reflects the slowest growth since\nJanuary, and marks the fourth straight month with a lower score than the\nprevious month, indicating a slowing trajectory in billings activity,\u201d said AIA\nChief Economist, Kermit Baker, Hon. AIA, PhD. \u201cWith a variety of economic storm\nclouds continuing to gather, we are likely looking at a period of slower growth\ngoing forward.\u201d "]]],[1,"p",[[0,[0],1,"Key ABI highlights for\nJuly include:"]]],[3,"ul",[[[0,[],0,"Regional averages: South (53.6); Midwest (52.2); West\n(51.7); Northeast (48.4)"]],[[0,[],0,"Sector index breakdown: multi-family residential (52.8);\ncommercial\/industrial (52.2); mixed practice (52.1); institutional (49.6)"]]]],[1,"p",[[0,[],0,"The regional and\nsector categories are calculated as a three-month moving average, whereas the\nnational index, design contracts and inquiries are monthly numbers."]]],[1,"p",[[0,[],0,"Visit "],[0,[1],1,"AIA\u2019s website "],[0,[],0,"for more ABI\ninformation."]]],[1,"p",[[0,[2],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."]]]]}