BILLINGS (BLUE) AND INQUIRIES (RED) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)
The Architecture Billings Index has reported a slight fluctuation in design activity over the past few months, recording a score of 51.9 for March, a 3 point decrease from February’s mark of 54.9. Any score above 50 indicates positive growth. All four regions were in positive territory with the Northeast leading at 54.6, the Midwest at 53.9, the South not far behind at 53.6, and the West finishing with a 51.9.
BILLINGS BY REGION: NORTHEAST (ORANGE), MIDWEST (BLUE), SOUTH (RED), WEST (GREEN).
Inquiries for new projects came in at 60.1. “Business conditions in the construction industry have generally been improving over the last several months,” said AIA Chief Economist, Kermit Baker, in a statement. “But as we have continued to report, the recovery has been uneven across the major construction sectors so it’s not a big surprise that there was some easing in the pace of growth in March compared to previous months.”
By sector, all areas remained in positive territory: Multi-family residential scored the highest at 56.9, commercial/industrial scored a 53.5, mixed practice followed with a 53.3, and institutional came in last but stayed positive at 50.6.