Web
Analytics
Print Page | Contact Us | Sign In | Join
News & Press: Press Releases

Hurricanes and wildfires slow design business in October, but Midwest remains strong

Tuesday, December 18, 2018  

Hurricanes and wildfires slow design business in October, but Midwest remains strong

 

Des Moines– Nov. 14, 2018 - Architecture firm billings growth softened in October but remained positive for the thirteenth consecutive month, according to a new report released today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for October was 50.4 compared to 51.1 in September. With continued strength in new project inquiries, billings are expected to remain steady into the coming months.

“We are fortunate the weather in Iowa and the Midwest has been cooperating with the design and construction sectors and billings continue to remain strong”, commented Jessica Reinert of AIA Iowa. According to the AIA, the natural disasters occurring in the South and West regions “have clouded the health of design and construction activity, making it difficult to separate a temporary setback from a general slowdown in design activity.”

Key ABI highlights for October include:

  • Regional averages: Midwest (57.8), Northeast (51.8), South (48.4), West (46.9)
  • Sector index breakdown: mixed practice (52.7), multi-family residential (52.3), institutional (52.0), commercial/industrial (48.9)
  • Project inquiries index: 58.6
  • Design contracts index: 52.8

Regional and sector categories above are calculated as a three-month moving average, whereas the national index, design contracts, and inquiries are monthly numbers.

More information on AIA’s ABI is available online. 


AIA Iowa Firm Members