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

Architecture firm billings slow but Midwest remains positive in September ​

Wednesday, October 24, 2018  

Architecture firm billings slow but Midwest remains positive in September

 

Des Moines – Oct. 24, 2018 – Architecture firm billings growth slowed in September but remained positive for the twelth consecutive month, according to a new report today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for September was 51.1 compared to 54.2 in August. However, continued strength in new projects coming into architecture firms points to billings growth in the coming months.

"The Midwest is continuing to see strong billings, leading the regional averages this month," said  AIA Iowa Executive Director, Jessica Reinert. "The billings are reflecting the amount of work we have been seeing across the state and the forecast seems to be strong for firms for the rest of 2018." 

Key ABI highlights for September include:

  • Regional averages: Midwest (59.7), South (54.1), West (53.1), Northeast (46.6)
  • Sector index breakdown: institutional (55.1), multi-family residential (54.9), mixed practice (53.4), commercial/industrial (50.8)
  • Project inquiries index: 58.8
  • Design contracts index: 54.1

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