Billing Activity Still Contracting
March 1, 2021
Billing Activity Still Contracting
The Architecture Billings Index score for January was 44.9, gaining 2.6 points from the December reading.
“The broader economy entered a soft spot during the fourth quarter of last year, and business conditions at design firms have reflected this general slowdown,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA.
In January the project inquiries index was 56.8, up from 52.4 the previous month. The design contracts index was 48.8, up from 48.5.
Regional averages for January were mixed.
| December | January | |
| West | 43.4 | 42.8 |
| South | 46.8 | 47.4 |
| Midwest | 43.6 | 42.2 |
| Northeast | 38.8 | 41.9 |
Baker added, “While federal stimulus and the increasing pace of vaccinations may begin to accelerate progress in the coming months, the year has gotten off to a slow start, with architecture firms in all regions of the country and in all specializations reporting continued declines in project billings.”
Dodge Momentum Index Uneven In January
February 15, 2021
Dodge Momentum Index Uneven In January
The Dodge Momentum Index gained 3.1% in January, moving to 139.4. This was up from the revised December reading of 135.2. The commercial component of the index was up 9.9%. The institutional component was …
Dodge Momentum Index Gains In December
January 8, 2021
Dodge Momentum Index Gains In December
The Dodge Momentum Index gained 9.2% in December, moving to 134.6. This was up from the revised November reading of 123.3. The commercial component of the index was up 14.0%. The institutional component was …
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 …
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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Billings Stalled in October
November 19, 2020
Pace of Decline Relatively Flat
The Architecture Billings Index score for October was 47.5, gaining just half a point from the September reading.
“Though still in negative territory, the moderating billings score along with the rebound in design contracts and …
Dodge Momentum Index Drops in October
November 9, 2020
DMI Drops in October
The Dodge Momentum Index dropped 1.8% in October, moving to 127.5. This was down from the revised September reading of 129.8. The commercial component of the index was down 4.4%. The institutional component was up 3.3%.
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ABI Gains in September
October 21, 2020
Pace of Billings Decline Slows
The Architecture Billings Index score for September was 47.0, gaining 7 points after remaining at 40.0 from June through August.
“Despite the multi-family residential sector showing signs of improvement, overall business conditions are recovering at …
Dodge Momentum Index Up in September
October 7, 2020
DMI Makes Gains In September
The Dodge Momentum Index gained 3.7% in September, moving to 130.8. This was up from the revised August reading of 126.2. The commercial component of the index was up 3.9%. The institutional component was up …
Architecture Billings Remain Stalled in August
September 23, 2020
ABI Unchanged in August
The Architecture Billings Index score for August remained at 40.0 as it was in July and June.
“Unfortunately, since the start of the COVID-19 pandemic, many architecture firms are finding fewer inquiries that convert to billable …