Items Tagged with 'economic analysis'

The AIA/Deltek Architecture Billings Index (ABI) continues to weaken posting a score of 45.5 for February, indicating that a majority of firms are still experiencing declining firm billings.  

Just the talk of steel and aluminum tariffs have already manifested in missed project budgets and lost time for architects. With higher material costs on the horizon, architects are focusing on minimizing the risks of exceeding project budgets.

While most architecture firms saw billings decline in January, the proportion experiencing a decrease was slightly lower than in December.

The AIA/Deltek Architecture Billings Index (ABI) dipped slightly below 50 for November.

After twenty months of declining billings, the AIA/Deltek Architecture Billings Index score for October was 50.3. This score indicates a balance between the number of firms experiencing a decrease in billings and those seeing an increase.

August marked the nineteenth consecutive month of declining billings for architecture firms, according to the latest data from the AIA/Deltek Architecture Billings Index. The pace of decline during August accelerated, posting an ABI score of 45.7, a decrease from 48.2 in July.

July marked the eighteenth consecutive month of declining billings for architecture firms, according to the latest data from the AIA/Deltek Architecture Billings Index.

Business conditions remain soft at architecture firms in June with the AIA/Deltek Architecture Billings Index reporting a score of 46.4. Any score below 50 indicates that billings decline, although somewhat fewer firms reported a decline in billings in June than in May.

Spending on nonresidential buildings is projected to increase more than 7% this year, according to The American Institute of Architects mid-year Consensus Construction Forecast.

The AIA/Deltek Architecture Billings Index score declined to 42.4 in May, as more firms reported a decrease in billings than the month prior.