Originally published in Interiors & Sources

05/26/2010

Architecture Billings Index Reaches Highest Mark in More than Two Years

The Architecture Billings Index indicates that business conditions are slowly improving

 

For the third straight month, the Architecture Billings Index (ABI) has gone up. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported that the April ABI rating was 48.5, up from a reading of 46.1 the previous month. Although this score reflects a continued decline in demand for design services (any score above 50 indicates an increase in billings), it’s the highest score since January 2008, when revenue at architecture firms headed into recession. The new projects inquiry index was 59.6.

“It appears that the design and construction industry may be nearing an actual recovery phase,” says AIA Chief Economist Kermit Baker. “The economic landscape is improving, although not across the board, but doing so at a gradual pace. It’s quite possible that we will finally see positive business conditions in the foreseeable future.”

Key April ABI highlights:

  • Regional averages: Northeast (51.0), Midwest (49.2), South (46.5), West (44.7)
  • Sector index breakdown: commercial/industrial (48.5), mixed practice (48.4), institutional (46.8), multi-family (45.8)
  • Project inquiries index: 59.6
 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


 
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