Association of the Wall and Ceiling Industry Logo

Architecture Billings Remain Flat


Demand for design services in May remained essentially flat in comparison to the previous month, according to a new report released June 19 by the American Institute of Architects.

    

AIA’s Architecture Billings Index score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. Any score above 50 indicates an increase in billings. Both the project inquiries index and the design contracts index softened in May but remained positive.

    

“The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012,” said AIA Chief Economist Kermit Baker, Ph.D., Hon. AIA. “While both inquiries into new projects and the value of new design contracts remained positive, they both softened in May, another sign the amount of pending work in the pipeline at firms may be starting to stabilize.”



Key ABI highlights for May include the following:


  • Regional averages: Midwest (51.6); South (51.4); West (50.0); Northeast (47.5).

     

  • Sector index breakdown: mixed practice (55.4); commercial/industrial (53.0); institutional (48.0); multifamily residential (46.0).

     

  • Project inquiries index: 56.2.

     

  • Design contracts index: 50.9.

Browse Similar Articles

You May Also Like

New research has ranked the United States’ most populated industries and estimated what their pay could look like in 2033, in line with inflation, and the results are surprising.
A composite image made of a silhouette of the United States covered in grass.

U.S. Green Building Council Announces Top 10 U.S. States for Green Building in 2023The U.S. Green Building Council has released its annual list of Top 10 States for LEED. For

AWCI's Construction Dimensions cover

Renew or Subscribe Today!