The American Institute of Architects (AIA)’s Post

Business conditions at US architecture firms continued to decline in December 2023 according to the AIA/Deltek Architecture Billings Index. If the typical pattern holds, the declining trend (which has now continued for eight months) is likely to translate into a slow down in building construction activity sometime in the second quarter of 2024. #constructioneconomics #aia

The AIA/Deltek Architecture Billings Index remained below 50 for the fourth consecutive month. The score of 45.3 increased by one point from October, indicating slightly fewer firms reporting a decline in billings. Any score below 50.0 indicates decreasing business conditions but there are encouraging signs of the pipeline. - The American Institute of Architects (AIA) https://lnkd.in/egYtUqWj #architecture #construction #design

Celebrating our stars! 🌟 Here’s a shoutout to all the amazing AEC Associates team members who celebrated their birthdays this month. Your hard work and creativity fuel our success every day. Here's to many more! 🎂🎉 #TeamAEC #BirthdayBash #WorkplaceCelebration #EmployeeAppreciation #theaecassociates #Architecture #Engineering #Construction

ECONOMIC NEWS 🚨📈 The AIA/Deltek Architectural Billings Index (ABI) April score rose to 48.3. The score increased from March but still indicates that billings continue to decline at most architecture firms. “Continued high interest rates make it difficult for some projects to move forward, but there is ongoing interest in pursuing these projects once conditions improve. In the meantime, design activity is expected to remain sluggish.” -Kermit Baker, PhD, AIA Chief Economist Learn more: https://bit.ly/4buYm1T #AIA #Architecture #Design #EconomicNews

While the AIA/Deltek Architecture Billings Index (#ABI) score for the month rose from 43.6 in March to 48.3 in April, it indicates that billings continued to decline at the majority of firms. Inquiries into new projects continued to increase, as there remains interest in starting new projects. #aia #economy #architecture #architect #aec

U.S. architecture billings stayed “soft” in April on the heels of a decline in March, according to an American Institute of Architects report released Wednesday. #AIA #EconomicTrends #ArchitectureTrends

We recently gathered for an inspiring meeting where we delved deep into Surfvision's strategic goals and the path ahead. It was a fantastic opportunity to exchange ideas, brainstorm, and lay down the foundation for our future endeavors. Together, we're riding the waves of innovation and setting our sights on exciting horizons. Ali Gheshmipour Meisam Mehrinejad Mojtaba Ghods #SurfvisionStrategies #FuturePlanning #InnovationJourney #BusinessGoals #TeamCollaboration #StrategicVision #CompanyMeeting #SuccessAhead #StrategicThinking #BusinessGrowth #SurfvisionTeam #FutureOutlook

What can we learn from the past to help us move fowards to an achievable sustainable future? Thoroughly looking foward to speaking at this event with other industry-leaders....One week to go #Place #Sustainability #Architecture #Future

It's always helpful to see where the The American Institute of Architects (AIA) Architectural Billings Index has headed. For July 2023, billings have stabilized, and inquiries are slightly up. Interesting that commercial/industrial has been the best sector. Does that stack up for you? #aia #aiaarchitecturebillingsindex #constructioneconomy https://lnkd.in/gK8jG-KU

In our recent Archinect Business Survey, architects shared their economic outlook, highlighting high construction costs as one of the top five factors contributing to the current economic slowdown in the architecture industry. "Construction costs are exceeding even the most pragmatic estimate," the owner of a large Seattle-based architecture firm shared in our survey. This insight underscores the significant impact that rising construction expenses have on the field, affecting projects and firms alike. Understanding these challenges is crucial as we navigate this period of economic uncertainty. How has work in your firm or sector been feeling recently? Let us know in the comments below. https://lnkd.in/gYBnAumd