Architecture billings close 2018 with growing demand

by sadia_badhon | February 4, 2019 3:08 pm

According to a new report from the American Institute of Architects (AIA), architecture firm billings growth softened in December but remained positive for the 15th consecutive month. Photo www.bigstockphoto.com — According to a new report from the American Institute of Architects (AIA), architecture firm billings growth softened in December but remained positive for the 15th consecutive month.
*Photo www.bigstockphoto.com*

Architecture firm billings growth softened in December but remained positive for the 15^th consecutive month, according to a new report[2] from the American Institute of Architects[3] (AIA).

AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November. Despite the positive billings, a softening in growth was seen across several regions and sectors, as well as in project inquiries and design contracts.

“Given the concerns over the ongoing tariff situation, it is not surprising to see a bit of a slowdown in progress on current projects,” said AIA chief economist Kermit Baker, PhD.

Endnotes:

[Image]: https://www.constructionspecifier.com/wp-content/uploads/2019/02/Opener-2.jpg
new report: https://www.aia.org/resources/10046-architecture-billings-index-abi
American Institute of Architects: https://www.aia.org/resources/10046-architecture-billings-index-abi

Source URL: https://www.constructionspecifier.com/architecture-billings-close-2018-with-growing-demand/