Architecture Billings Index Increases for 5th Month in June

Washington, DC, July 19, 2017-The American Institute of Architects (AIA) reported the June Architecture Billings Index (ABI) score was 54.2, up from a score of 53.0 in the previous month. This marks the fifth consecutive increase.

The new projects inquiry index was 58.6, down from a reading of 62.4 the previous month, while the new design contracts index decreased from 54.8 to 53.7.

“So far this year, new activity coming into architecture firms has generally exceeded their ability to complete ongoing projects,” said AIA chief economist, Kermit Baker, Hon. AIA, PhD. “Now, firms seem to be ramping up enough to manage these growing workloads.”

In June, regional averages were as follows south, 54.8; west, 53.1; Midwest, 51.9; and northeast, 51.5.

Sector index breakdown was multi-family residential, 57.1; mixed practice, 53.8; institutional, 52.6; and commercial / industrial, 52.1.

The project inquiries index was 58.6, and the design contracts index was 53.7.

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