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In March, the Architecture Billings Index (ABI) hit 43.6, marking the 14th consecutive month of architecture billing declines. Despite declines, firms hold strong 6.6-month backlogs. New project inquiries are up but at a slower pace. Business conditions are rocky with inflation and supply chain issues persisting. Despite challenges, work remains in the pipeline, highlighting resilience in the face of adversity. To learn more about architectural firm projections and other pressing news, read March's ABI. #Architecture #BusinessConditions #EconomicIndicator #ConstructionTrends

The AIA has released its Architectural Billings Index for August. Business conditions at architecture firms softened modestly in August, with the ABI score falling below 50 to 48.1. Catch the full analysis here: https://lnkd.in/g2CFzbhS

Architecture firm billings remained soft in April, with an AIA/Deltek Architecture Billings Index (ABI) score of 48.3 for the month. The score rose from 43.6 in March but still indicates that billings continue to decline at most architecture firms. While the value of newly signed design contracts dipped slightly in April, there remains interest from clients as inquiries into new projects continue to increase. https://lnkd.in/gJzyzQN8).

This July, the Architecture Billings Index (ABI) released a score of 50.0 which indicates that firm billings remain flat nationally. More specifically, firms located in the Midwest reported improving business conditions for the 9th consecutive month. Even more specifically, especially as it relates to Total Tool and its customers, firms specializing in commercial and industrial industries reported strong billing growth. To learn more about architectural firm projections and other pressing news, read July's ABI. #architecture #construction #industrynews #business

“Business conditions at architecture firms softened in March 2024” according to the The American Institute of Architects (AIA) with its Billings index falling to 43.6 (the 14th consecutive month of declining billings) and its Design Contracts index slipping to 50.0. While clients are interested in thinking about new projects, it seems that many continue to have commitment issues. While architecture firms can rely on backlog for a while longer yet, this trend isn't good for the industry in the medium term. https://lnkd.in/gAp7jp3V #constructioneconomics #rlb HCS Group

ABI (Architectural Billings Index) rose from 43.6 to 48.3 in April. Still below 50 (meaning design contracts are decelerating) but moving in the right direction! #architecture #construction https://lnkd.in/gpQ88MbT

❓ Are you curious about the upcoming 2024 Architect market trends? We were a proud sponsor of RIBA Economic Panel and have summarised our key takeaways. This article is for the UK market but can also be adapted for the Nordic market. 👉 Read more in our blog post #architecture #architect #trends

Hot off the press for October... "Business conditions at architecture firms continued to soften in October, with the AIA/Deltek Architecture Billings Index (ABI) score declining to 44.3, as more firms reported decreasing firm billings than in September. In addition, indicators of future work in the pipeline stumbled as well, as firms reported a decline in inquiries into new projects for the first time since July 2020, and the value of newly signed design contracts softened for the third consecutive month. These signs mean that not only are billings declining at firms, but that fewer clients are exploring and committing to new projects, which could affect future billings as well."

This December, the Architecture Billings Index (ABI) reported a score of 45.3, indicating declining billings. Architecture firms face challenging business conditions as billings decline, but inquiries for new projects remain steady. While project delays do persist, a positive economic backdrop and employment gains bring hope. Leaders anticipate a brighter future in 2024. To learn more about architectural firm projections and other pressing news, read December's ABI. #Architecture #BusinessConditions #EconomicIndicator #ConstructionTrends

"Business conditions at architecture firms deteriorated in September. The AIA/Deltek Architecture Billings Index (ABI) score of 44.8 for the month is the lowest score reported since December 2020 during the height of the pandemic and indicates that the share of firms reporting declining billings has significantly increased. In addition, the value of newly-signed design contracts also slumped in September, indicating that there is increasing reluctance among clients to sign contracts committing to new projects." #goodluckhavefunyall