Architecture Billings Index Slowdown Continues

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More architecture firms reported a decline in billings in February, indicating an extension of a recent downturn in design activity according to a new report released from The American Institute of Architects. The score for February fell slightly to 48 (any score below 50 indicates a decline in firm billings). However, inquiries into new projects continued to improve, as did the value of new design contracts. Both indicators suggest that design work is expected to improve in the coming months. Key ABI highlights for February include: Regional averages: West (50.4); Midwest (48.8); Northeast (48.4); South (47.3) Sector index breakdown: mixed … Read more

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Nonresidential Construction Spending Expected to Moderate Through 2024

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While spending on nonresidential construction picked up momentum toward the end of 2022, construction spending will moderate in 2023 and slow significantly in 2024, according to a new report from the American Institute of Architects. Despite macroeconomic headwinds such as inflation, rising interest rates and weak consumer sentiment scores, the AIA’s Consensus Construction Forecast panel is projecting nonresidential construction spending to grow 5.8%  in 2023 but slow to under 1% in 2024. Similar to 2022, growth in construction spending in 2023 will be uneven with a projected 2.6% increase in the commercial sector, 15.1% for industrial facilities and 4.1% for … Read more

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Nonresidential Construction Spending Projected to Increase Through 2023

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Construction spending on buildings is projected to increase just over 9% this year and another 6% in 2023, according to a report from the American Institute of Architects. While the outlook for the broader economy has become more uncertain, the prospects for construction spending have improved since the beginning of the year. The outlook from the AIA Consensus Construction Forecast Panel, in its mid-year update, is more optimistic than what was projected at the beginning of the year, largely due to the extremely strong gains in the manufacturing category, as well as surprising strength in retail facilities. The industrial market … Read more

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New Report Explores Architect, Contractor Relationship

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A study published today by the American Institute of Architects, in partnership with the Associated General Contractors of America, sheds new light on the relationship of architects and contractors and the needs of both professions. The fifth edition of The Architect’s Journey to Specification focuses on improving the working relationship between architects and contractors and explores how the parties align, differ and depend on each other. Highlights from the report include: A majority of architects and contractors want to work more collaboratively for the benefit of all. Successful relationships benefit from mutual understandings and alignment about client advocacy and the … Read more

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DIRTT Announces Cornerstone Partnership with American Institute of Architects

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DIRTT Environmental Solutions Ltd. has joined the American Institute of Architects as a Cornerstone Partner. Through collaboration and partnerships like these, spaces are being intentionally designed and purposefully constructed for the modern human experience. Focusing on personalization, flexibility and adaptability, the design community is being called on to create and adapt space at an unprecedented rate. Designers, architects and contractors must help rethink how space is built to make it a more inclusive experience. Architecture, engineering and construction software, like DIRTT’s ICE platform, enables stakeholders to connect to their designs from anywhere in the world, providing the opportunity to conceptualize … Read more

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