Articles Tagged with ''market reports''

AIA’s Architecture Billings Index (ABI) score for May rose to 58.5 compared to 57.9 in April (any score above 50 indicates an increase in billings).

A new report released from the American Institute of Architects, in partnership with Oldcastle Building Envelope, is providing an in depth look at the impact of the pandemic on design firm business conditions. 

Overall housing starts increased 3.6 percent in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.

Purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, outpacing the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes.

Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872.

The Freedonia Group forecasts demand for hard-surface flooring to increase 2.9% per year to 17.0 billion square meters in 2024.

One of the primary conclusions drawn in the report was that floor heating sales were up 31.1% when compared to the prior-year-period. 

The Multifamily Production Index (MPI) increased eight points to 51 compared to the previous quarter.

“The activity architecture firms are seeing is a positive bellwether not only for the construction outlook, but also for the larger economy,” said AIA chief economist, Kermit Baker, Hon. AIA, PhD.

Architecture firm billing activity is contracting once again after two months of a slowing decline, according to a new report from the American Institute of Architects.