AIA Billings Index Reports June Score of 52.6, Indicating Expansion

Washington, DC, July 21, 2016—The American Institute of Architects (AIA) reported the June ABI score was 52.6, down from the mark of 53.1 in the previous month.

This score still reflects an increase in design services. The new projects inquiry index was 58.6, down from a reading of 60.1 the previous month.

“Demand for residential projects has surged this year, greatly exceeding the pace set in 2015. This suggests strong future growth for housing in the coming year,” said AIA chief economist, Kermit Baker, Hon. AIA, PhD. “While we expect to see momentum continue for the overall design and construction industry in the months ahead, the fact that the value of design contracts dipped into negative territory in June for the first time in more than two years is something of a concern.”

The regional averages were as follows: south, 55.5; west, 54.1; northeast, 51.8 and Midwest, 48.2.

By sector, the breakdown was multi-family residential, 57.9; institutional, 52.7; mixed practice, 51.0 and commercial / industrial, 50.3.

Project inquiries index was 58.6, and the design contracts index was 49.7.

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