Demand for design services accelerates

{"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 \u2013September\n21, 2022 \u2013"],[0,[],0," Demand for design services from U.S. architecture\nfirms grew at an accelerated pace in August, according to a new report today\nfrom The American Institute of Architects (AIA).\n"]]],[1,"p",[[0,[],0,"\nAIA\u2019s Architecture Billings Index (ABI) score for August rose to 53.3 compared\nto 51.0 in July (any score above 50 indicates an increase in billings). During\nAugust, the score for new project inquiries rose to 57.9 from 56.1 the previous\nmonth, while the design contracts score softened slightly with a score of 52.3,\ndown from 52.9 in July. "]]],[1,"p",[[0,[],0,"\u201cWhile a strengthening\nbillings score is encouraging, the flat scoring across regions and sectors is\nindicative of a nationwide deceleration over the next several months, said AIA\nChief Economist, Kermit Baker, Hon. AIA, PhD. \u201cA variety of economic storm\nclouds continue to gather, but since design activity continues to increase, we\ncan expect at least another 9\u201312-month runway before building construction\nactivity is negatively affected.\u201d"]]],[1,"p",[[0,[0],1,"Key ABI highlights for\nAugust include:"]]],[3,"ul",[[[0,[],0,"Regional averages: South (52.9); Midwest (51.4);\nWest (50.2); Northeast (49.8)"]],[[0,[],0,"Sector index breakdown: multi-family residential\n(52.0); institutional (52.0); commercial\/industrial (51.2); mixed practice (51.2)"]]]],[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.\n\n"]]],[1,"p",[[0,[],0,"Visit "],[0,[1],1,"AIA\u2019s website "],[0,[],0,"for more ABI information."]]],[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."]]]]}