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.
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 American Institute of Architect’s Consensus Construction Forecast panel has optimistic projections for nonresidential building spending in late 2023 and beyond, and the news is generally positive – with a caveat.
Architecture firms experienced a rebound in billings in May after a downturn in April, according to the latest Architecture Billings Index from the American Institute of Architects and Deltek.
From the return to more normal lead times and availability, to green shoots in attracting and retaining a skilled labor force, and a growing emphasis on sustainable building materials and transparency, there are many factors that will continue to shape the roofing industry positively.
Architecture firms reported a modest decrease in April billings. However, there was a slight increase in inquiries into future project activity according to a report released from The American Institute of Architects.
Architecture firms reported a modest increase in March billings. This positive news was tempered by a slight decrease in new design contracts according to a new report released today from The American Institute of Architects.
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 today from The American Institute of Architects.
Fewer architecture firms report declining billings in January compared to billing activity in December, according to a new report today from The American Institute of Architects.