Architecture Billings Index Jumped to 54.2 in August
Washington, DC, September 20, 2018-The American Institute of Architects (AIA)’s Architecture Billings Index (ABI) score for August was 54.2 compared to 50.7 in July.
Most of the growth continues to come from the South and the multi-family residential sector.
“Billings at architecture firms in the South continue to lead the healthy increase in design activity that we’ve seen across the profession in recent months,” said AIA chief economist Kermit Baker, Hon. AIA, PhD. “Nationally, growth across all building sectors remains solidly positive.”
Key ABI highlights for August include:
Regional averages were West, 54.2; Midwest, 52.5; South, 57.0; and Northeast, 46.9.
The sector index breakdown was multi-family residential, 55.6; institutional, 52.3; commercial/industrial, 53.6; and mixed practice, 51.7.
The project inquiries index was 58.0, and the design contracts index was 49.6.
Related Topics:The American Institute of Architects