homepage home
subscribe to Midwest Construction magazine subscribe
newsletters free e-newsletter
advertise
industry jobs industry jobs
Dodge Data & Analytics
Midwest Construction Logo
Order Your RISK FREE Subscription
comment

Architectural Billings in Decline in Midwest, Elsewhere

Text size: A A

Architectural billings remained mired in negative territory for a second-consecutive month in April, despite optimism that business conditions are improving, according to the  American Institute of Architects Architectural Billings Index

----- Advertising -----

Although the national index rose from 48.8 to 49.6 from March to April, only scores above 50 denote an increase in billings. The Midwest logged a slight increase, from 46.6 to 47, for the same period. Other regions logged dramatic downturns, with the East falling from 46.8 to 42.9 and the West from 50.7 to 48.9. Only the South remained in positive territory, rising from 52.8  to 57.5 between March and April.

Several sectors showed improvement in April with multi-family residential rising from 52.1 to 52.6, commercial/industrial  from 49.6 to 50.2, and mixed-use from 47.6 to 50.7). By comparison,  institutional declined from 49.0 to 47.1.

In April, AIA conjectured that a lingering winter may have contributed to softening demand in March. Weather conditions have since improved, and AIA anticipates an uptick in demand in coming months.

"Despite an easing in demand for architecture services over the last couple of months, there is a pervading sense of optimism that business conditions are poised to improve as the year moves on," says AIA Chief Economist Kermit Baker."With a healthy figure for design contracts this should translate into improved billings in the near future."

As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending.

Other indicators, including construction employment, suggest conditions are improving in the Midwest and elsewhere.

Keywords:

----- Advertising -----
Blog: ENR Midwest Musings
ENR Midwest Musings delivers the latest news, insights and opinions about construction & design in Illinois, Indiana, Wisconsin and Missouri, as well as Iowa, Ohio, Michigan and Minnesota.
Reader Photos
Photos from ENR Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State





----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.