Billings Negative But Stabilizing in May
July 23, 2020
Index Scores Show Signs of Stabilizing
The Architecture Billings Index score for June was 40.0, gaining 8 points from the May reading of 32.0.
“While business conditions remained soft at firms across the country, those with a multifamily residential specialization saw the most positive signs,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
In June the project inquiries index was 49.3, up from 38.0. The design contracts index was 44.0, up from 33.1.
Regional averages all made gains.
| May | June | |
| West | 36 | 36.8 |
| South | 30.6 | 35.9 |
| Midwest | 29.7 | 36.8 |
| Northeast | 25.1 | 34.2 |
Baker added, “Unfortunately, conditions at firms with a commercial/industrial specialization are likely to remain weak for an extended period of time, until hospitality, office and retail facilities can fully reopen, and design demand for this space begins to increase.”
Dodge Momentum Index Drops in June
July 8, 2020
DMI Drops in June
The Dodge Momentum Index dropped by 6.6% in June, scoring 121.5. This was down from the revised May reading of 130.1.
The institutional and commercial components were both down, dropping by 11.7% and 3.5% respectively.
Dodge …
Graham has a new brochure!
July 2, 2020
Schools & Universities
Graham has a new brochure showcasing projects we’ve completed in the education sector. Included are photos and details of our work with schools such as Stanford University, St. Louis University, University of Michigan, and more.
The brochure …