Architecture Billings Index Indicates Further Contraction

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WASHINGTON, D.C. – For the first time since the summer of 2012, the Architecture Billings Index posted consecutive months of a decline in demand for design services. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the September ABI score was 48.4, down from the mark of 49.7 in the previous month. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.4, down from a reading of … Read more

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Architecture Billings Index Slips, Overall Outlook Remains Positive

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WASHINGTON, D.C. – On the heels of six out of seven months of increasing levels of demand for design services, the Architecture Billings Index fell just below the positive mark. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12- month lead time between architecture billings and construction spending. The American Institute of Architects reported the August ABI score was 49.7, down from the mark of 51.5 in the previous month. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.8, up … Read more

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Architecture Billings Index Moderates Slightly, Remains Positive

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WASHINGTON, D.C. – The Architecture Billings Index was positive in July for the sixth consecutive month, and tenth out of the last twelve months as demand across all project types continued to increase. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the July ABI score was 51.5, down from the mark of 52.6 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index … Read more

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Healthy Outlook for Construction Market Despite Rising Challenges

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WASHINGTON, D.C. – After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next 18 months. However, continued strong demand for hotels, office space and amusement and recreation spaces will ensure continued growth in the overall construction spending market over this time period. The American Institute of Architects’ semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting that spending will increase just less than six percent for 2016, with next year’s projection being an additional 5.6 percent gain. “Healthy job growth, strong consumer confidence and … Read more

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ABC, AIA and NAHB Economists Predict Industry Growth Through 2017

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WASHINGTON, D.C. – Associated Builders and Contractors’ Chief Economist Anirban Basu, American Institute of Architects’ Chief Economist Kermit Baker and National Association of Home Builders’ Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a recent joint economic forecast. “Nonresidential construction spending growth will continue into the next year with an estimated increase in the range of 3 to 4 percent,” said Basu. “Growth will continue to be led by privately financed projects, with commercial construction continuing to lead the way. Energy-related construction will become less of a drag in 2017, while public spending will … Read more

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