February 24, 2022

Billings Growth Continues

The Architecture Billings Index score for January remained at the revised December register of 51.0. Since any score above 50 indicates growth, demand for architectural services was considered positive.

“Architecture billings, while remaining at very healthy levels in recent months, have slowed considerably from the middle of last year,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.

In January the Project Inquiries index was down 4.9 points at 61.9. The Design Contracts index was up slightly at 56.1.

Regional averages for January were as follows:

Describing market conditions, Baker continued, “This no doubt reflects delays in the construction sector caused by supply challenges for both labor and materials, as well as ongoing staffing constraints at architecture firms.”

For more information about the Architectural Billings Index, visit the AIA website.