logo

Architectural Billings Index up for U.S., lags in West

Home » aia » Architectural Billings Index up for U.S., lags in West

Architectural Billings Index up for U.S., lags in West

| aia, architects, architecture jobs, jobs, unemployed architects | October 21, 2010

The Architectural Billings Index for the nation was positive in September for the first time in two years, but billings in the western region that includes Colorado weren’t, according to the index released Wednesday.

The ABI, compiled by The American Institute of Architects, is a leading economic indicator of construction activity. It reflects the nine- to 12-month lag between when architecture firms bill clients and when funds for construction are spent.

September’s national ABI score was 50.4, up from 48.2 in August — and up for the fourth month in a row. A score of 50 and above represents an increase in billings.

“This is certainly encouraging news, but we will need to see consistent improvement over the next few months in order to feel comfortable about the state of the design and construction industry,” AIA Chief Economist Kermit Baker said in a statement.

The western area had the lowest regional ABI score for last month, at 44.5, a dip from 45.8 in August. But September’s western score was up significantly from 36.0 in September 2009.

The index breaks the country into four regions: Northeast, Midwest, South and West.

Both the northeastern and midwestern parts of the country had positive ABI scores for September, at 56.7 and 51, respectively. The South had a score of 47.

The ABI is based on a “work-on-the-boards” survey of AIA members by organization researchers. Members are asked each month whether their billings have increased, decreased or stayed the same for the month just ended.

The AIA is more than 150 years old, and based in Washington, D.C.

Hat tip to multiple sources including AIA, Denver Business Journal and Sam Armijos.

Share with your colleagues
RSS
Follow by Email
Twitter
Visit Us
Follow Me
YouTube
YouTube
LinkedIn
Share
Houzz
Houzz
About the author

After working at various design practices on a full-time and freelance basis, and starting his own design firm, David McFadden saw that there was a gap to be filled in the industry. In 1984, he created an expansive hub for architects and hiring firms to sync up, complete projects, and mutually benefit. That hub was Consulting For Architects Inc., which enabled architects to find meaningful design work, while freeing hiring firms from tedious hiring-firing cycles. This departure from the traditional, more rigid style of employer-employee relations was just what the industry needed - flexibility and adaption to modern work circumstances. David has successfully advised his clients through the trials and tribulations of four recessions – the early 80’s, the early 90’s, the early 2000’s, and the Great Recession of 2007.

No comments so far!

Share with your colleagues!

RSS
Follow by Email
Twitter
Visit Us
Follow Me
YouTube
YouTube
LinkedIn
Share
Houzz
Houzz
New Jobs