homepage home
subscribe to Mountainstates Construction magazine subscribe
newsletters free e-newsletter
advertise
industry jobs industry jobs
Dodge Data & Analytics
Mountainstates Construction Logo
Order Your RISK FREE Subscription
comment

Fifth Consecutive Month of Gains for Architecture Billings Index

Text size: A A


Business conditions at architecture firms continue to improve. As a leading economic indicator of construction activity, the Architecture Billings Index (ABI) reflects the approximate nine- to 12-month lag between architecture billings and construction spending.

----- Advertising -----

The American Institute of Architects reported the December ABI score was 52.0, down from the mark of 53.2 in November. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.4, down slightly from the 59.6 mark of the previous month.


“While it’s not an across the board recovery, we are hearing a much more positive outlook in terms of demand for design services,” said AIA Chief Economist Kermit Baker. “Moving into 2013, we are expecting this trend to continue, and conditions improve at a slow and steady rate. That said, we remain concerned that continued uncertainty over the outcomes of budget sequestration and the debt ceiling could impact further economic growth.”


Key December ABI highlights:

• Regional averages: Midwest (55.7), Northeast (53.1),  South (51.2), West (49.6)

• Sector index breakdown: commercial / industrial (53.4), mixed practice (53.0), institutional (50.9), multi-family residential (50.5)

• Project inquiries index: 59.4.

Keywords:

----- Advertising -----
Reader Photos
Photos from ENR Mountain States Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State





----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.