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.
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.
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.
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.
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.
“It’s a fun time in Vegas right now, with the economy up,” said Beth Campbell, principal and managing director of Gensler’s Las Vegas office. Downtown is being reborn, thanks in no small part to Zappos CEO Tony Hsieh’s multi-million dollar investment. The Strip, too, is booming—see the High Roller observation wheel, which opened on March 31. At the same time, the spendthrift breeziness of the pre-recession years is gone. “Everyone is coming back to life, but with a refined focus and purpose,” said Campbell. “I would say the clients and developers are cautiously aggressive…they still want to grow, still want to reach for the sky…But they’re really focused on how they’re applying [their money] to make these projects happen.”
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.
Following a period of extended growth, the Architecture Billings Index (ABI), which is compiled by the AIA, declined for the second straight month, down to 48.5 in December from 49.8 in November (any score below 50 indicates a decline). The news is not entirely bleak, however, as new project inquiries rose to 59.2 up from 57.8.
Indianapolis’ public parks system, Indy Parks, is looking for third parties interested in privatizing some or all of the city’s parks and recreation holdings. The move follows last year’s survey seeking ways to upgrade the city’s 207 parks properties.