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August Architecture Firm Billings Rebound As Building Investment Spurt Continues

Wednesday, September 19, 2018  

August Architecture Firm Billings Rebound As Building Investment Spurt Continues 

Southern region, multi-family residential sector lead growth. 

Des Moines – Sept. 19, 2018 – Architecture firm billings rebounded solidly in August, posting their eleventh consecutive month of growth, according to a report released today from The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score for August was 54.2 compared to 50.7 in July (any score over 50 represents billings growth). Most of the growth continues to come from the South and the multi-family residential sector.

“We are excited to see the billings reflect a large jump in the August score (52.5) as compared to the July score (49.3) for the Midwest. The August score is more in-line with the activity we are seeing in Iowa.”, stated Jessica Reinert, Executive Director of the Iowa Chapter of the American Institute of Architects. “An increase in billings across all building segments, nationally, remains optimistic."

Key ABI highlights for August include:

  • Regional averages: West (54.2), Midwest (52.5), South (57.0), Northeast (46.9)
  • Sector index breakdown: multi-family residential (55.6), institutional (52.3), commercial/industrial (53.6), mixed practice (51.7)
  • Project inquiries index: 58.0
  • Design contracts index: 49.6

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