AIA/Deltek Architecture Billings Index Sees Stable Business Conditions in July

{"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 August 23, 2023 \u2013 The American\nInstitute of Architects (AIA)\/Deltek Architecture Billings Index (ABI) results\nfor July signals mostly stable business conditions. The ABI score was 50.0, indicating\nthat billings at architecture firms remained flat for the month."]]],[1,"p",[[0,[],0,"\u201cThis is the third straight month that billings at\narchitecture firms have stabilized,\u201d said AIA Chief Economist "],[0,[0],1,"Kermit\nBaker"],[0,[],0,", PhD. \u201cNew project work has been even stronger over this period. This\nsuggests that design work may finally begin to increase over the coming months,\nalthough somewhat modestly.\u201d "]]],[1,"p",[[0,[],0,"Firms\nwith a commercial\/industrial specialization reported their strongest billings growth\nin more than a year, while firms with a multifamily residential specialization continued\nto report declining billings. While this\nmarks the ninth consecutive month of growth for firms located in the Midwest\nregion, firms in other regions reported modest declines in billings."]]],[1,"p",[[0,[],0,"The\nABI is a leading economic indicator derived from a monthly survey of AIA\nmember-owned firms which measures demand for design services throughout U.S.,\nproviding insight into future construction activity across various sectors\nincluding commercial\/industrial\/institutional buildings and multifamily residential\nprojects. "]]],[1,"p",[[0,[0],1,"Key\nABI highlights for July include:"]]],[1,"p",[[0,[],0,"\u00b7 \nRegional\naverages: Midwest (51.6); West (49.6); Northeast (49.3); South (48.9)"]]],[1,"p",[[0,[],0,"\u00b7 Sector index\nbreakdown: commercial\/industrial (52.7); institutional (51.2); mixed practice (firms\nthat do not have at least half of their billings in any one other category) (46.3);\nmultifamily residential (45.4)"]]],[1,"p",[[0,[],0,"\u00b7 Project\ninquiries index: 54.5"]]],[1,"p",[[0,[],0,"\u00b7 Design\ncontracts index: 50.0"]]],[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 billing index reports."]]],[1,"p",[[0,[0],1,"About AIA"]]],[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 well-being."]]],[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."]]]]}