Kermit Baker is unruffled by the 3.8 point drop in November’s Architecture Billings Index

National, News, Professional Practice
Thursday, December 24, 2015
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BILLINGS (BLUE), INQUIRIES (RED), AND DESIGN CONTRACTS (GREEN) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)

BILLINGS (BLUE), INQUIRIES (RED), AND DESIGN CONTRACTS (GREEN) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)

As temperatures dipped in November, so did the Architecture Billings Index (ABI). The ABI was 49.3, a 3.8 point drop from October’s 53.1. Any score below 50 represents a decrease in billings.

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October’s Architecture Billings Index down slightly from September, though demand for design services remains high

BILLINGS (BLUE), INQUIRIES (RED), AND DESIGN CONTRACTS (GREEN) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)

BILLINGS (BLUE), INQUIRIES (RED), AND DESIGN CONTRACTS (GREEN) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)

In fall, warm blooded animals usually slow down as they prepare to hibernate for winter. Yet, the Architecture Billings Index (ABI) demonstrates few signs of winter slumber, with increased demand for design services in almost every category. The October ABI of 53.1, the AIA reports, is down 0.6 points from September, but any score over 50 represents an increase in billings. Read More

Architecture Billings Index declines sharply in August after a strong year

National, News, Professional Practice
Tuesday, September 29, 2015
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BILLINGS (BLUE), INQUIRIES (RED), AND DESIGN CONTRACTS (GREEN) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)

BILLINGS (BLUE), INQUIRIES (RED), AND DESIGN CONTRACTS (GREEN) FOR THE PAST 12 MONTHS. (THE ARCHITECT’S NEWSPAPER)

The Architecture Billings Index declined in August after a relatively robust year. The August ABI score was 49.1, a decline of 5.6 points from July. In July, the new projects inquiries index was 63.7, while August’s number decreased by 1.9 points to 61.8. Regional averages were 50.2 (West), 56.1 (Midwest), 46.8 (Northeast), and 53.8 (South).

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Architectural Billings Index Continues Slump With Third Month in the Red

National
Wednesday, July 18, 2012
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BILLINGS (BLUE) AND INQUIRIES (RED) FOR THE PAST 12 MONTHS. (THE ARCHITECT'S NEWSPAPER)

BILLINGS (BLUE) AND INQUIRIES (RED) FOR THE PAST 12 MONTHS. (THE ARCHITECT'S NEWSPAPER)

The Architectural Billings Index (ABI) for June remained in negative territory for the third month in a row. Last month AIA chief economist Kermit Baker expressed concern that the summertime doldrums might mirror a 2011 trend when the ABI lulled after an initially healthy first quarter. Now it looks as though the index is doing just that. “While not all firms are experiencing negative conditions, a large share is still coping with a sluggish and erratic marketplace,” Baker said in a statement. All of the regions of the country and all industry sectors remained in negative territory with the overall index barely budging from May’s 45.8, with June registering at 45.9 (any score below 50 reflects a decrease).

Continue reading after the jump.

Billings Bucks Upward Trend

National
Wednesday, May 16, 2012
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BILLINGS (BLUE) AND INQUIRIES (RED) FOR THE PAST 12 MONTHS. (THE ARCHITECT'S NEWSPAPER)

BILLINGS (BLUE) AND INQUIRIES (RED) FOR THE PAST 12 MONTHS. (THE ARCHITECT'S NEWSPAPER)

For the past five months things were looking up for the Architecture Billings Index. Until now. Granted, the index was merely teetering on the positive side of the spectrum at 50.4 for March (any score above 50 reflects an increase), so it didn’t have far to drop into the negative territory of 48.4 for April. Despite the five-month positive stint, throughout the period AIA Chief Economist, Kermit Baker urged cautious optimism in what has clearly been a tepid recovery. In a statement released today, he said that the decline in demand for design services is not surprising considering continued volatility in the overall economy. “Favorable conditions during the winter months may have accelerated design billings, producing a pause in projects that have moved ahead faster than expected,” he said.

Continue reading after the jump.

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