Architecture Billings Slow in September
October 24, 2018
Midwest and Southern activity lead in billings
While growth remained positive for the twelfth consecutive month, architecture billings slowed in September.
The Architecture Billings Index (ABI) score for September was 51.1, down 3.1 points from the previous month. Any score above 50 indicates growth in billings.
“Similar to the strong conditions we’ve seen nationally, architecture firms located in the Midwest and Southern regions of the country continued to report very strong billings in September,” said American Institute of Architects Chief Economist Kermit Baker.
The project inquiry index was 58.8, up from the previous month’s score of 58. The design contracts index increased from 49.6 to 54.1.
Like a New Penny
October 15, 2018
Historic project puts Graham’s expertise on display
The building at 1400 Woodward Avenue in Detroit has been around for a while. Now, thanks to a historic conversion project by luxury goods brand Shinola Detroit, LLC and partners, it will …
Dodge Momentum Index Lower in September
October 8, 2018
Construction Activity Drops for Second Consecutive Month
The Dodge Momentum Index was 159.5 in September, dropping 2.6% from the revised August reading of 163.7.
The commercial component fell 4.3% and institutional activity was down 0.1%.
Despite the decline, …
August ABI Rebounds
September 20, 2018
Firms in the South Leading Growth
The Architecture Billings Index score for August was 54.2, up from July’s reading of 50.7. Any score above 50 indicates growth in billings.
“Billings at architecture firms in the South continue to …
Taking It to the Bank
September 18, 2018
A Landmark Reinvented
New York, NY — The landmark building at 49 Chambers street is entering a new phase in its history, and Graham’s historic windows are everywhere you look.
Built between 1909-1912 to be the headquarters for Emigrant …
DMI Declines in August
September 10, 2018
Index Dips on Reduced Commercial Activity
The Dodge Momentum Index fell in August to 164.1, a 2.9% drop from the revised July number of 169.0.
The commercial component, which rose 25% between January and July, declined 6.1% to …
Revitalized “Lathrop” Welcomes Tenants
August 28, 2018
80 year-old Complex Springs Back to Life
Chicago, IL — Leasing is now open for the first phase of the renovated Lapthrop residence complex on Chicago’s North side. Formerly “Julia C. Lapthrop Homes,” the development will continue to provide …
July Billings Index Positive Despite Dip
August 22, 2018
Firms in the South Strong
“Billings at architecture firms in the South remained robust in July, offsetting declining billings in other regions of the country,” said American Institute of Architects Chief Economist Kermit Baker, Hon. AIA, describing the …
Dodge Momentum Index Moves Higher in July
August 10, 2018
Commercial Projects Gaining
The Dodge Momentum Index moved higher overall in July, gaining 1.4% from the revised June reading to land at 169.8.
Commercial projects saw a boost of 3.3% while institutional projects dropped 1.5%.
A still-healthy real estate market …
Growth Dips in June Yet Remains Positive
July 20, 2018
Billings Stable Across Sectors
“Architects continue to see increases in demand for their services this summer, with new project work coming in at a healthy pace,” said American Institute of Architects Chief Economist Kermit Baker, Hon. AIA, describing …