“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.
The economic crisis has worsened rental affordability challenges and put homeowners at risk of foreclosure, widespread calls for racial justice have pointed out sharp disparities in access to decent affordable housing, and a series of powerful hurricanes and raging wildfires have shown how vulnerable the country is to the impacts of climate change.
Demand for design services from architecture firms began to stabilize in June, following their peak declines in April, according to a new report today from The American Institute of Architects.
AIA’s Architecture Billings Index (ABI) score of 33.3 for March reflects a decrease in design services provided by U.S. architecture firms (any score below 50 indicates a decrease in billings).
Starting the year on a strong note, architecture firm billings strengthened slightly in January, according to a new report from The American Institute of Architects (AIA).
