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November ABI Shows Run of Positive Billings Continues at Architecture Firms
Posted Friday, December 21

November marked the fourteenth consecutive month of increasing demand for architectural firm services.

Architecture firm billings growth expanded in November by a healthy margin, according to The American Institute of Architects (AIA).

AIA’s ABI score for November was 54.7 compared to 50.4 in October. With the strongest billings growth figure since January and continued strength in new project inquiries and design contracts, billings are closing the year on a strong note.

“Despite some concerns about a potential economic downturn, architecture firms continue to report strong billings, inquiries, and new design contracts,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “For the coming year, concerns about the economy among architecture firm leaders tend to be balanced by their concerns about a lack of qualified employee prospects.”

The following are key ABI highlights for November:

• Regional averages: Northeast (56.8), Midwest (53.1), South (50.5), West (49.0)
• Sector index breakdown: commercial/industrial (53.8), mixed practice (53.8), multi-family residential (51.2), institutional (50.8)
• Project inquiries index: 63.1
• Design contracts index: 54.6

December 2018 ABI data will be released on Wednesday, January 23, 2019.

More information on AIA’s ABI is available online.

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