Architecture Billings Index robust growth continues

Submitted by on Wed, 07/21/2021 - 11:07
{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["a",["href","https:\/\/\/resources\/10046-architecture-billings-index-abi"]],["b"]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON \u2013 July 21,\n2021 \u2013"],[0,[],0," Architecture firms reported increasing demand for\ndesign services in June according to a new report today from The American\nInstitute of Architects (AIA).\n"]]],[1,"p",[[0,[],0,"\nAIA\u2019s Architecture Billings Index (ABI) score for June remained at an elevated\nlevel of 57.1 in June (any score above 50 indicates an increase in billings).\nDuring June, the new design contracts score also remained positive at 58.9 but\nwas not quite as strong as the 63.2 reading in May. New project inquiries logged\nanother near-record high score at 71.8, compared to 69.2 in May. "]]],[1,"p",[[0,[],0,"\u201cWith the current pace\nof billings growth near the highest levels ever seen in the history of the\nindex, we\u2019re expecting a sharp upturn in nonresidential building activity later\nthis year and into 2022,\u201d said\nAIA Chief Economist Kermit Baker, Hon. AIA, PhD. \u201cHowever, as is often the case\nwhen market conditions make a sudden reversal, concerns are\ngrowing about architecture firms not being able to find enough workers to meet\nthe higher workloads. Nearly six in 10 firms\nreport that they are having problems filling open architectural staff positions.\u201d\n"]]],[1,"p",[[0,[0],1,"Key ABI highlights for\nJune include:"]]],[3,"ul",[[[0,[],0,"Regional averages: Midwest (62.0); West (59.7);\nSouth (57.3); Northeast (53.2)"]],[[0,[],0,"Sector index breakdown: commercial\/industrial (61.0);\nmulti-family residential (57.9); institutional (57.3); mixed practice (56.4)"]],[[0,[],0,"Project inquiries index: 71.8"]],[[0,[],0,"Design contracts index: 58.9"]]]],[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 information."]]],[1,"h3",[[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."]]]]}
Balanced growth results in gains in all regions and in all building sectors.
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Matt Tinder
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Architecture Billings Index robust growth continues
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