After Five Straight Monthly Declines, AIA/Deltek Architecture Billings Index (ABI) Reports Slightly Improved Business Conditions

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["b"],["i"],["a",["href","https:\/\/www.aia.org\/resources\/10046-architecture-billings-index-abi"]],["a",["href","https:\/\/www.deltek.com\/en\/architecture-and-engineering"]]],"sections":[[1,"p",[[0,[],0,"WASHINGTON \u2013 April 19, 2023 \u2013 Architecture\nfirms reported a modest increase in March billings. This positive news was\ntempered by a slight decrease in new design contracts according\nto a new report released today from The American Institute of Architects (AIA).\nMarch was the first time since last September in which billings improved."]]],[1,"p",[[0,[],0,"The\nbillings score for March increased from 48.0 in February to 50.4 in March (any\nscore above 50 indicates an increase in firm billings). However, firms reported\nthat inquiries into new projects grew at a slower pace, while the value of new\ndesign contracts declined from 51.3 in February to 48.9 in March. "]]],[1,"p",[[0,[],0,"\u201cIn\nspite of the positive movement in architecture firm billings in March, core\nconcerns remain., \u201csaid AIA Chief Economist, "],[0,[0],1,"Kermit Baker"],[0,[],0,", Hon. AIA,\nPhD. \u201cInflation still needs to ease further for interest rates to return to\nmore normal levels, and the banking turmoil still threatens to hold back\nresidential and commercial construction loans.\u201d"]]],[1,"p",[[0,[0],1,"Key\nABI highlights for March include:"]]],[3,"ul",[[[0,[],0,"Regional\naverages: Midwest (51.4); Northeast (49.1); South (47.4); West (47.2)"]],[[0,[],0,"Sector index\nbreakdown: mixed practice (firms that do not have at least half of their\nbillings in any one other category) (53.9); institutional (48.8);\ncommercial\/industrial (49.7); multi-family residential (44.2)"]]]],[1,"p",[[0,[1],1,"The regional and sector categories\nare calculated as three-month moving averages and may not always average out to\nthe national score."]]],[1,"p",[[0,[],0,"Visit "],[0,[2],1,"AIA\u2019s website"],[0,[],0," for detailed information about this, and\npast AIA reports."]]],[1,"p",[[0,[0],1,"About\nAIA"]]],[1,"p",[[0,[],0,"Founded in 1857, AIA consistently works\nto create more valuable, healthy, secure, and sustainable buildings,\nneighborhoods, and communities. Through more than 200 international, state and\nlocal chapters, AIA advocates for public policies that promote economic\nvitality and public wellbeing."]]],[1,"p",[[0,[],0,"AIA\nprovides members with tools and resources to assist them in their careers and\nbusiness as well as engaging civic and government leaders and the public to\nfind solutions to pressing issues facing our communities, institutions, nation,\nand world. Members adhere to a code of ethics and conduct to ensure the highest\nprofessional standards."]]],[1,"p",[[0,[0],1,"About\nDeltek"]]],[1,"p",[[0,[],0,"Better\nsoftware means better projects. Deltek is the leading global provider of\nenterprise software and information solutions for project-based businesses and\nthe home of AIA MasterSpec\u00ae. More than 30,000 organizations, including 12,000\nArchitecture \u0026 Engineering firms, rely on Deltek for superior levels of\nproject intelligence, management, and collaboration. Our industry-focused\nexpertise powers project success for A\u0026E firms of all sizes by helping them\nachieve performance that maximizes productivity and revenue. "],[0,[3],1,"Learn more at Deltek."]]]]}