Billings Down, Remain Strong
June 22, 2022
Billings Down, Remain Strong
The Architecture Billings Index score for May was 53.5, dropping 3 points from the April register of 56.5. The Project Inquiries index was 63.9, up from 62.3. The Design Contracts index scored 56.9, up from 55.4. Scores above 50 indicate increased demand for design services.
“The strength in design activity over the past three months has produced a broader base of gains. The Northeast region and Institutional sector have struggled with slow billings activity, but now have posted consecutive months of positive scores.” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
Regional averages for May, 2022:
| Apr | May | |
| West | 58.2 | 59.3 |
| South | 57.3 | 52.3 |
| Midwest | 57.6 | 56.8 |
| Northeast | 53.1 | 51.4 |
Sector index breakdown for May, 2022:
| Apr | May | |
| Commercial/industrial | 60.7 | 57.7 |
| Mixed practice | 61.2 | 56.2 |
| Multi-family residential | 57.2 | 54.5 |
| Institutional | 51.8 | 51.7 |
Baker continued, “With the improvement in inquiries and new design projects, demand for design services will likely remain high for the next several months, despite strong economic headwinds.”
For more information about the Architectural Billings Index, visit the AIA website.
Case Study: The Battery — Philadelphia, PA
June 9, 2022
Case Study: The Battery — Philadelphia, PA
Graham has a case study profiling our work with The Battery, an adaptive reuse development in Philadelphia, PA. The historic building was formerly the Delaware Power Station of the Philadelphia Electric Company and …
Dodge Momentum Index Gains In May
June 7, 2022
Dodge Momentum Index Gains In May
The Dodge Momentum Index grew 7% in May moving to 176.2. This was up from the revised April score of 165.2.
The commercial planning index continued upward from the previous two months gaining 6% …