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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Architecture Billings Index up for September, though architecture talent pool is not deep enough for demand

Architecture, National, News
Friday, October 23, 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)

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

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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Pittsburgh Penguins hire Bjarke Ingels for new residential housing development

Architecture, Development, East, News
Monday, August 31, 2015
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(Courtesy Wikipedia Commons)

(Civic Arena, the Penguins home from 1967-2010. Image Courtesy Wikipedia Commons)

The Pittsburgh Penguins, via their residential developer are set for, in the words of Bjarke Ingels, a “promiscuous hybrid” form of residential housing aimed at bridging the Uptown and Downtown areas of Hill District. The development will occupy a 28-acre plot of land around the former home of the Penguins the Civic Arena.

Continue reading after the jump.

Institutional projects lift the Architecture Billings Index to its highest score since 2007

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)

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.

More numbers after the jump.

The Architecture Billings Index heads south in April

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 (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.

Continue reading after the jump.

Eavesdrop> Stressful Recovery: As architecture work rebounds, companies are slow to re-hire

(Wojtek Gurak / Flickr)

(Wojtek Gurak / Flickr)

The new boom in architecture work has been a godsend for once-struggling firms nationwide. But there’s a downside. Offices consistently tell us that a hangover of the brutal recession is that they’re hesitant to hire large quantities of new workers, which means more work for not enough people. This, of course, means exhaustion and stress. And so we’ll dub the new economy the Nervous Breakdown Boom until we can think of something better.

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The Architecture Billings Index continued climbing in March

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)

Everyone’s favorite billings index is once again posting some impressive numbers just as winter loosens its cold grip and summer makes its long-awaited appearance.

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Another architectural bookstore bites the dust: Hennessey+Ingalls closes Hollywood location

Architecture, Art, West
Thursday, April 2, 2015
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Hennessey + Ingall's Santa Monica location will remain open. (Hennessey + Ingalls)

Hennessey + Ingall’s Santa Monica location will remain open. (Hennessey + Ingalls)

Art and architecture book nirvana Hennessy + Ingalls closed its Hollywood location on Sunday after just six years in business. The store had been situated in a bow truss structure inside Space 15 Twenty on Cahuenga Boulevard, just north of Sunset.

Continue reading after the jump.

Architecture Billings Index bounces back to positive territory in February

Development, East, Media
Monday, March 23, 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)

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.

Continue reading after the jump.

Penthouse in Philip Johnson’s Pomo masterpiece to be listed at $150 million

The penthouse could be yours for just $150 million. (Flickr / Joe Shlabotnik)

The penthouse could be yours for just $150 million. (Flickr / Joe Shlabotnik)

Hey, one percenters, listen up (or pay someone to do it for you) because we’ve got some exciting news that might pique your interest. All the rest of you non-global-elite types can amscray. That’s right, you heard us, get out of here. It’s for your own good.

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Architecture Billings Index starts 2015 in negative territory

Architecture, National
Thursday, February 19, 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 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.

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