Billing Activity Contracts In November
December 16, 2020
Billing Activity Contracts In November
The Architecture Billings Index score for November was 46.3, dropping 1.2 points from the October reading.
“In previous design cycles, we typically haven’t seen a straight line back to growth after a downturn hits,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
In November the project inquiries index was 52.0, down from 59.1 the previous month. The design contracts index was 48.6, down from 51.7.
Regional averages for November were mixed.
| October | November | |
| West | 50.4 | 48.3 |
| South | 45.8 | 46.7 |
| Midwest | 49.4 | 50.1 |
| Northeast | 44.9 | 38.7 |
Baker added, “The path to recovery is shaping up to be bumpier than we hoped for. While there are pockets of optimism in design services demand, the overall construction landscape remains depressed.”
An Iconic Venue Gets An Overhaul
December 10, 2020
An Iconic Venue Gets An Overhaul
Renovations for the University of Wisconsin-Madison Field House are nearly complete despite delays due to the current pandemic. The UW Field House is a multi-purpose arena adjacent to Camp Randall Stadium and home to …
Dodge Momentum Index Drops in November
December 7, 2020
DMI Down in November
The Dodge Momentum Index dropped 2.6% in November, moving to 123.3. This was down from the revised October reading of 126.5. The commercial component of the index was down 1.6%. The institutional component was down 4.4%.
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