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.
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.
All good things must come to an end. Following a robust six months, the demand for design services has simmered down. In November, the Architecture Billings Index (ABI) slid from 51.6 in October to 49.8 (any score above 50 indicates an increase in billings). This the second month in a row that the ABI has experienced a small dip.
After a three-month streak of positive growth, the Architecture Billings Index revealed a small dip in the demand for design services. The ABI score slid down from 54.3 in September to 51.6 in October (any score above 50 indicates an increase). AIA Chief Economist Kermit Baker said that the tumultous political climate—read Government Shutdown—contributed to the drop in activity last month.
The slow days of the recession are long gone. Recent figures indicate that September was another robust month for the architecture industry. The Architecture Billings Index (ABI) rose from 53.8 in August to 54.3 (any score above 50 indicates an increase in billings). AIA Chief Economist Kermit Baker said that this upswing in the demand for design services is a reflection of the industry’s new and advanced design and business practices. “The prolonged economic downturn that has affected the design and construction industry has actually resulted in the increased productivity levels as reported by architecture firms,” Baker said.
Recent economic figures from the Architecture Billings Index (ABI) revealed that summer finished on a high note with a significant rise in the demand for design services. The ABI score for the month of August jumped more than a full point from July climbing up to 53.8 from 52.7 (any score above 50 indicates positive growth). AIA Chief Economist, Kermit Baker, sees positive growth for the industry, but remains cautious about the future. “As business conditions at architecture firms have improved eleven out of the past twelve months, it is fair to say that the design professions are in a recovery mode,” Baker said. “This upturn signals an impending turnaround in nonresidential construction activity, but a key component to maintaining this momentum is the ability of businesses to obtain financing for real estate projects, and for a resolution to the federal government budget and debt ceiling impasse.”