The Architecture Billings Index (ABI) closed 2015 in positive territory. Demand for design services increased in eight out of 12 months last year.
“As has been the case for the past several years, there continues to be a mix of business conditions that architecture firms are experiencing,” said AIA Chief Economist Kermit Baker in a statement. “Overall, however, ABI scores for 2015 averaged just below the strong showing in 2014, which points to another healthy year for construction this year.”
October’s Architecture Billings Index down slightly from September, though demand for design services remains high
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 up for September, though architecture talent pool is not deep enough for demand
It may be getting colder outside, but the Architecture Billing Index (ABI) is heating up. In September, the ABI bounced back to positive territory, and has seen growth in two-thirds of the months this year. The AIA reported that the September ABI was 53.7, up 4.6 points from August. Any score above 50 marks an increase in billings. Read More
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).
While you were out grilling hot dogs and searching for the song of the summer (give it up, there isn’t one), the Architecture Billings Index was climbing to its highest score since 2007. In June, the ABI posted a 55.7, up significantly from 51.9 in May. The new projects inquiry index also had a great month, moving from 61.5 to 63.4.
The Architecture Billings Index (ABI) doesn’t want to hear it right now–it knows it’s not in a great place, okay? After the economic index started looking up last month—we’re talking 51.7!—the ABI dropped down to 48.8 in April. And, as we all know, any score below 50 means a decrease in billings. Here’s a silver lining, though: the New Projects Inquiry did scoot up from 58.2 to 60.1.
It looks like the Architecture Billings Index is finally ready to start 2015. As AN reported last month, the ABI failed to impress in January, posting a 49.9, which technically puts the outlook in negative territory with 50 marking the cut off. That’s right, negative territory for the first time in ten months. Thanks ABI, happy New Year to you, too.
The month of January is supposed to be the time of year when we put our best foot forward and onto a treadmill. “New Year, New Me,” we tell ourselves as we pretend to train for that marathon and convince ourselves that fruit is somehow an appropriate substitute for dessert. (It’s not and you know that.)
With all of this in mind, we expected some best-foot-forward kind of numbers from the January Architecture Billings Index (ABI). But, no folks, it turns out that the ABI not only lost momentum from last year, it plunged into negative territory. Well, to be fair, it didn’t really plunge into negative territory so much as it dipped a toe into it, posting a score of 49.9, down from 52.7 in December. Since any score above a 50 indicates an increase in billings, 49.9 is not the end of the world.
Back in November, we told you how Taylor Swift’s hit song “Shake It off” perfectly summed up how we should feel about the Architecture Billings Index’s disappointing showing from the month before. Sure, the ABI’s momentum had slowed to 55.2 in October, but since any score above 50 indicates an increase in billings, we could just shake off any negativity. Now with 2014 gone, how did the Index shape up through the end of the year?
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.