The American Institute of Architects’ (AIA) May Architecture Billings Index (ABI) recorded a reversal of the April billings downturn, with May blooming growth on industry-wide measures. With a score over 50 on the index representing an increase in firm billings, and May clocked-in at 51, with other metrics looking promising overall amid regional disparities.
Project inquiries were 6.1 percent higher than in April on the ABI scale, and the value of new design contracts rose 5 percent month-to-month. AIA Chief Economist Kermit Baker said that “The modest improvement in overall demand for architectural services that we saw last month is encouraging news… However, there continues
→ Continue reading at The Architect's Newspaper
