Architecture firm billings remained soft entering into 2024, with an AIA/Deltek Architecture Billings Index score of 46.2 in January. Any score below 50.0 indicates decreasing business conditions.
The AIA/Deltek Architecture Billings Index (ABI) remained below 50 for December, indicating soft business conditions to close out 2023. The score of 45.4 remained essentially flat from November.
Government funding, reshoring manufacturing, and a boost in tourism are converging to create a demand for the construction of megaprojects and landmark builds that exceed $1 billion in budget.
The keynote speaker at the upcoming 2024 Fenestration and Glazing Industry Alliance (FGIA) Annual Conference in Amelia Island, Florida, will discuss the role of demography in business decisions.
Business conditions at architecture firms declined again in September, the AIA/Deltek Architecture Billings Index (ABI) reports. The score of 44.8 for September is the lowest score reported since December 2020 during the height of the pandemic.
The AIA/Deltek Architecture Billings Index eased modestly in August, with a score of 48.1, marking the eleventh consecutive month of essentially flat billings at architecture firms.
The American Institute of Architects/Deltek Architecture Billings Index results for July signals mostly stable business conditions. The ABI score was 50.0, indicating that billings at architecture firms remained flat for the month.
Architecture firms reported flat billings in June, according to the latest Architecture Billings Index from the American Institute of Architects and Deltek.