The party’s over, folks. Take down the streamers, re-cork that bottle of champagne, and turn off the Taylor Swift. Actually, on second thought, turn the Swift back on because “Shake It Off” might be exactly what we need to hear right now. We’ll tell it to you straight. After months of strong momentum, the Architecture Billings Index (ABI) dropped from a 55.2 in September to a 53.7 in October. Here’s where Ms. Swift plays back into the data set—since any score above 50 indicates an increase in billings, things are still in the positive territory so we can shake, shake, shake the October Architecture Billings Index score off, more or less.
The Architecture Billings Index (ABI) report is back and it’s ready to party so drop that Monday morning cup of coffee and take a sip of the hot data the AIA is serving up. Last month, while we were all just going about our everyday lives, the ABI was soaring to new heights. Any score above a 50 indicates an increase in billings, but the ABI wasn’t satisfied with playing it safe. No, it went all the way to 55.2. Sure, it’s not the 55.8 that got the world talking in July, but it’s still good news and better than August’s 53.0, am I right? There’s more.
The Detroit Design Festival is underway, featuring 30 design events and 500 designers through Sunday, September 28. Panel discussions, art installations and flash-mob style gatherings are all on the docket for the six-day festival, which is sponsored by the John S. and James L. Knight Foundation. Read More
As the summer turns to fall, it’s easy to look back and remember the season that was. There was that outdoor concert, that weekend trip to Montreal, that margarita served in a mason jar, and that time you and your neighbor Karl tried to repave the deck. Hey there, chin up, no need to get so nostalgic just yet, that’s what the winter is for. There is one last way to relive that glorious summer right now. How? Through the Architecture Billings Index (ABI), of course. With the newly-released August-time data it’s like the Autumnal Equinox never even happened at all.
You should probably be sitting down for this because there is some big news regarding the Architecture Billings Index (ABI) that is not for the faint of heart. With that disclaimer out of the way, let’s proceed. So everyone knows that the ABI has really been flexing its muscle this summer—it posted a 52.6 in May and then a 53.5 in June. Those are pretty solid scores given that anything above a 50 indicates an increase in billings, but then July happened—and it happened in a big way. Last month, the ABI posted a 55.8. That’s important news considering the index hasn’t been that high since 2007—since before the whole global financial meltdown.
Chicago architect John Vinci will receive this year’s lifetime achievement award from the AIA Chicago, the local chapter announced in June. Vinci’s work includes preservation activism—he helped reconstruct Louis Sullivan’s Chicago Stock Exchange Trading Room inside the Art Institute of Chicago—and original designs like the Arts Club of Chicago and the National Italian American Sports Hall of Fame. He is a principal of the design firm Vinci Hamp Architects. Read More
Yes, the rumors are true—the Architecture Billings Index (ABI) is in positive territory for the second straight month. That’s right, the second straight month. After the ABI posted a solid 52.6 in May there was no telling what could happen next. Would it go up? Would it go down? Would it maybe even stay the same? It was anyone’s guess. Today, those questions were answered and what we got was even more good news. In June, the ABI posting jumped to 53.5 in June. And that’s not all, folks.
Are you heading to the AIA Convention? Come visit The Architect’s Newspaper at booth 4940. Meet executive editor Alan G. Brake and Midwest editor Chris Bentley from 10:30 a.m. to 12:30 p.m. on Thursday and Friday. Relax in design classics provided by Carl Hansen & Son. Recharge your phone. Have a coffee or water on us. Network with friends and colleagues. Or just wave! See you in Chicago!
And there it is, after months in negative territory the Architecture Billings Index (ABI) jumped into positive territory in May with a score 52.6—that’s up from 49.6 in April. Any score over 50 signals an increase in billings. The new projects inquiry also jumped from 59.1 to 63.2. Rounding out the positive news is the AIA’s new design contracts indicator, which posted a 52.5. Nice job by all.
Chicago’s top art school announced big changes in its design department this morning.
The School of the Art Institute of Chicago Thursday announced their selection of Jonathan Solomon as the new Director of the Department of Architecture, Interior Architecture, and Designed Objects (AIADO). Solomon, who comes from his position as associate professor and associate dean at the School of Architecture at Syracuse University, assumes the job officially on August 1.
The Architecture Billings Index (ABI) remains in negative territory for the second straight month. While the April index ticked up to 49.6, from 48.8 last month, it was not enough to break 50, which signals an increase in design services. The new projects inquiry, however, increased from 57.9 to 59.1.