AIA Northern Virginia
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August ABI: End of Summer Sees Healthy Billings Rebound
Posted Wednesday, October 10

Architecture firm billings rebounded solidly in August, posting their 11th consecutive month of growth. AIA’s ABI score for August was 54.2 compared to 50.7 in July. Any score over 50 represents billings growth. Most of the growth continues to come from the South and the multi-family residential sector.

“Billings at architecture firms in the South continue to lead the healthy increase in design activity that we’ve seen across the profession in recent months,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Nationally, growth across all building sectors remains solidly positive.”

The following are key ABI highlights for August:

• Regional averages: West (54.2), Midwest (52.5), South (57.0), Northeast (46.9)

• Sector index breakdown: multi-family residential (55.6), institutional (52.3), commercial/industrial (53.6), mixed practice (51.7)

• Project inquiries index: 58.0

• Design contracts index: 49.6

The full report is available here.

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