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.
The AIA’s Committee on the Environment (COTE) has announced the winners of its annual sustainability awards program. Now in its 18th year, the COTE awards celebrate green architecture, design, and technology. According to a press release, the winning projects must “make a positive contribution to their communities, improve comfort for building occupants and reduce environmental impacts.”
Each of the ten winners will be officially honored at the AIA’s National Convention and Design Exhibition in Chicago later this year, but, in the meantime, here’s a closer look at the 10 winners.
After starting the year on a positive trend, the Architectural Billings Index ticked down last month. The March ABI score dropped sharply from February’s score of 50.7 to 48.8. This moves the index into negative territory as any score below 50 signifies a decrease in design services. The new projects inquiry, though, did tick up from 56.8 to 57.9.
After the Architecture Billings Index (ABI) posted positive gains in January, the question everyone was asking was, “What comes next?” Today, the AIA’s monthly report answered that question with a bit more good news. The ABI was measured at 50.7 in February, which is up slightly from a January score of 50.4. So, how did this happen? The change was due to strong numbers posted in the South (52.8) and the West (50.5). But dragging the group down, the Northeast and Midwest both scored below 50 with scores of 48.3 and 47.6, respectively (any score below 50 indicates a decline).
After months of slowed growth at the end of last year, the Architecture Billing Index ticked up slightly in January. The ABI score was measured at 50.4, up from 48.5 in December—and that’s good news because any score above 50 means positive growth. The positive number was largely due to growth in the South (53.5) and the West (51.1). The ABI dipped below 50 in both the Midwest and Northeast, with scores of 46.5 and 43.6, respectively.