AIA Billings Index Fell to 49.6 in January

New York, NY, February 18, 2016--The American Institute of Architects (AIA) reported the January ABI score was 49.6, down slightly from the mark of 51.3 in the previous month.

This score reflects a minor decrease in design services. The new projects inquiry index was 55.3, down from a reading of 60.5 the previous month.

“The fundamentals are mostly sound in the nonresidential design and construction market,” said AIA chief economist, Kermit Baker, Hon. AIA, PhD. “January was a rocky month throughout the economy, with falling oil prices, international economic concerns and with steep declines in stock market valuations in the U.S. and elsewhere. Some of the fallout of this uncertainty may have affected progress on design projects.”

Regional averages were as follows west, 50.8; northeast, 50.4; south, 50.3; and midwest, 48.9.

The sector index breakdown was multi-family residential, 51.9; commercial/industrial, 50.5; institutional, 49.9; and mixed practice. 49.0.

Project inquiries index was 55.3, and the design contracts index was 50.9.

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