AIA Architecture Billings Inched Down to 46.2 in January

Washington, DC, February 21, 2024-The January Architecture Billings Index (ABI) index saw a reading of 46.2, down from 46.5 in December 2023--above the post-pandemic low seen in October, but still below the positive territory of above 50. Project inquiries saw a modest move up from last month, albeit at a low level.

Results were mixed across the sectors, with the biggest decrease in multi-family at 44.6 versus 45.8 last month. The biggest increase was in Institutional at 48.5 versus 46.5 in the prior month. Other increases were in commercial/industrial at 47.0 versus 46.4 last month and in mixed practice at 42.9 versus 42.3 last month.

The AIA’s ABI is a measure of future activity in construction areas outside single-family home construction. It works on an index with readings above 50 indicating expansion and below indicating contraction. It is normally a read for activity nine to 12 months away.

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