Architects’ billings continue upward trajectory

TRD MIAMI /
Jan.January 20, 2011 12:30 PM

The Architecture Billings Index rose by 2.2 points last month, indicating a continued recovery trend in the struggling U.S. construction and design industry, the American Institute of Architects said yesterday. The ABI, which is considered a strong economic indicator of future construction activity, hit its highest level since 2007 last month and has risen in three of the past four months. December’s index reading was up to 54.2 from 52 in November, on a scale in which any score above 50 represents an increase in billings for design work. Multi-family projects had the highest score, at 60.1, followed by commercial and industrial, at 52.7, institutional at 50.6 and mixed-practice, at 47.8. Inquiries for new projects also rose, to 62.6 from 61.4 one month ago. “This is more promising news that the design and construction industry is continuing to move toward a recovery,” said Kermit Baker, chief economist for AIA. “However, historically December is the most unpredictable month from a business standpoint, and therefore the most difficult month from which to interpret a trend. The coming quarter will give us a much better sense of the strength of the apparent upturn in design activity. ” TRD


Related Articles

arrow_forward_ios
Notre-Dame fire calls attention to other historic properties that could be in jeopardy

Notre-Dame fire calls attention to other historic properties that could be in jeopardy

Notre-Dame fire calls attention to other historic properties that could be in jeopardy
Meet the designers attending Future City 2019

Meet the designers attending Future City 2019

Meet the designers attending Future City 2019
Make sure it’s “well lit for ambiance and seduction”: Nouvel lawsuit against JDS highlights developer’s demands

Make sure it’s “well lit for ambiance and seduction”: Nouvel lawsuit against JDS highlights developer’s demands

Make sure it’s “well lit for ambiance and seduction”: Nouvel lawsuit against JDS highlights developer’s demands
TRD SoFla’s winter issue is coming soon!

TRD SoFla’s winter issue is coming soon!

TRD SoFla’s winter issue is coming soon!
TRD South Florida’s winter issue is coming soon!

TRD South Florida’s winter issue is coming soon!

TRD South Florida’s winter issue is coming soon!
Seven months after sexual misconduct allegations, Richard Meier steps down

Seven months after sexual misconduct allegations, Richard Meier steps down

Seven months after sexual misconduct allegations, Richard Meier steps down
Oppenheim Architecture’s “Spirit of Place” explores new terrain for design

Oppenheim Architecture’s “Spirit of Place” explores new terrain for design

Oppenheim Architecture’s “Spirit of Place” explores new terrain for design
Want a RE-related side hustle? Start making architectural models

Want a RE-related side hustle? Start making architectural models

Want a RE-related side hustle? Start making architectural models
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...