Architecture Billings Index Up Only Slightly in June

July 27, 2010
There was a negligible increase in the Architecture Billings Index (ABI) last month

There was a negligible increase in the Architecture Billings Index (ABI) last month. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA), Washington, D.C., reported the June ABI rating was 46.0, up slightly from a reading of 45.8 the previous month. This score reflects a continued decline in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index increased from 55.5 to 57.7.

"The steep decline in non-residential property values has slowed investment in new facilities," says AIA Chief Economist Kermit Baker, Ph.D., Hon. AIA. "Conditions at architecture firms continue to remain very soft, but we’re optimistic that they will improve before the end of the year.

Key June ABI highlights include:

  • Regional averages: Northeast (47.7), South (46.7), Midwest (46.3), West (43.6)
  • Sector index breakdown: commercial/industrial (50.6), multi-family residential (46.5), institutional (45.0), mixed practice (44.7)
  • Project inquiries index: 57.7

Voice your opinion!

To join the conversation, and become an exclusive member of EC&M, create an account today!

Sponsored Recommendations

Electrical Conduit Comparison Chart

CHAMPION FIBERGLASS electrical conduit is a lightweight, durable option that provides lasting savings when compared to other materials. Compare electrical conduit types including...

Don't Let Burn-Through Threaten Another Data Center or Utility Project

Get the No Burn-Through Elbow eGuide to learn many reasons why Champion Fiberglass elbows will enhance your data center and utility projects today.

Considerations for Direct Burial Conduit

Installation type plays a key role in the type of conduit selected for electrical systems in industrial construction projects. Above ground, below ground, direct buried, encased...

How to Calculate Labor Costs

Most important to accurately estimating labor costs is knowing the approximate hours required for project completion. Learn how to calculate electrical labor cost.