Architecture Billings Index Continues to Contract in April

National
Thursday, May 22, 2014
.
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) 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.

BILLINGS BY REGION: NORTHEAST (ORANGE), MIDWEST (BLUE), SOUTH (RED), WEST (GREEN).

BILLINGS BY REGION: NORTHEAST (ORANGE), MIDWEST (BLUE), SOUTH (RED), WEST (GREEN).

The overall decrease was caused by disappointing numbers posted in the West (48.9), Midwest (47.0), and especially in the Northeast (42.9). While those regions came up short, the South showed signs of life with a score of 57.5 By sector, multi-family residential (52.6), commercial/industrial (50.2), and mixed practice (50.7) all saw gains, while institutional  (47.1) could not break 50. The AIA’s latest metric introduced last month, the design contracts index, recorded a steep increase to 54.6.

“Despite an easing in demand for architecture services over the last couple of months, there is a pervading sense of optimism that business conditions are poised to improve as the year moves on,” said AIA Chief Economist Kermit Baker. “With a healthy figure for design contracts this should translate into improved billings in the near future.”

BILLINGS BY SECTOR: RESIDENTIAL (ORANGE), COMMERCIAL/INDUSTRIAL (BLUE), INSTITUTIONAL (RED), MIXED-USE (GREEN).

BILLINGS BY SECTOR: RESIDENTIAL (ORANGE), COMMERCIAL/INDUSTRIAL (BLUE), INSTITUTIONAL (RED), MIXED-USE (GREEN).

Post new comment

Name (required)

E-Mail (required)

Advertise on The Architect's Newspaper.

Submit your competitions for online listing.

Submit your events to AN's online calendar.




Archives

Categories

Copyright © 2014 | The Architect's Newspaper, LLC | AN Blog Admin Log in. The Architect's Newspaper LLC, 21 Murray Street 5th Floor | New York, New York 10007 | tel. 212.966.0630
Creative Commons License