Architecture Billings Index moderates but remains healthy

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["b"],["a",["href","https:\/\/www.aia.org\/resources\/10046-architecture-billings-index-abi"]]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON \u2013 October\n19, 2022 \u2013"],[0,[],0," For the twentieth consecutive month architecture\nfirms reported increasing demand for design services in September, according to\na new report today from The American Institute of Architects (AIA).\n"]]],[1,"p",[[0,[],0,"\nThe AIA Architecture Billings Index (ABI) score for September was 51.7 down from\na score of 53.3 in August, indicating essentially stable business conditions\nfor architecture firms (any score above 50 indicates an increase in billings\nfrom the prior month). Also in September, both the new project inquiries and\ndesign contracts indexes moderated from August but remained positive with scores\nof 53.6 and 50.7, respectively. \n\n\n"]]],[1,"p",[[0,[],0,"\u201cWhile billings in the\nNortheast region and the Institutional sector reached their highest pace of\ngrowth in several years, there appears to be emerging weakness in the previously\nhealthy multifamily residential and commercial\/industrial sectors, both of which\nsaw a decline in billings for the first time since the post-pandemic recovery\nbegan,\u201d said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. \u201cAcross the broader\narchitecture sector, backlogs at firms remained at a robust 7.0 months as of\nthe end of September, still near record-high levels since we began collecting\nthis data regularly more than a decade ago.\u201d"]]],[1,"p",[[0,[1],1,"Key ABI\nhighlights for September include:"]]],[3,"ul",[[[0,[],0,"Regional averages: Northeast (54.6); Midwest (52.1);\nSouth (51.7); West (51.6)"]],[[0,[],0,"Sector index breakdown: institutional (58.9); mixed\npractice (50.3); commercial\/industrial (49.6); multi-family residential (47.9)"]]]],[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.\n\n"]]],[1,"p",[[0,[],0,"Visit "],[0,[2],1,"AIA\u2019s website "],[0,[],0,"for more ABI information."]]],[1,"p",[[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."]]]]}