Though the last few years have been very good for the architecture business, the American Institute of Architects’ Architecture Billings Index, a leading economic indicator for the construction market, suggests an impending downturn. In an article published on the AIA website, Steve Cimino interviewed three architecture firm leaders–Tim Dufault, FAIA, president and CEO at Cuningham Group; Carole Wedge, FAIA, CEO at Shepley Bulfinch; and Ed Shriver, FAIA, founding principal of Strada–to gain insight into how they’ve faced previous downturns.
Construction + Economy
ABI Suggests Decline in Architecture Billings
Demand for design services in August took a markedly downward swing compared to July’s already soft score, according to a report recently released by The American Institute of Architects (AIA).
Architecture Billings Index Continues Its Streak of Soft Readings
Demand for design services in July remained essentially flat in comparison to the previous month, according to a new report recently released by The American Institute of Architects (AIA).
AIA Consensus Construction Forecast Predicts Growth Despite Signs of Impending Declines
Spending on nonresidential building construction is expected to increase almost 4% this year and more than 2% in 2020, according to a new consensus forecast from The American Institute of Architects (AIA).
NECA Endorses MCAA Change Order Publication
The National Electrical Contractors Association (NECA) has given its full endorsement to the 2018 edition of the Mechanical Contractors Association of America’s (MCAA) publication Change Orders, Productivity, Overtime—A Primer for the Construction Industry.
ConstructConnect: U.S. Construction Spending to Approach $1.5 Trillion by 2021
Driven by mega projects, the value of U.S. new construction will rise to $1.45 trillion by 2021, according to a new forecast by ConstructConnect.
Architecture Billings Remained Flat in May
Demand for design services in May 2019 remained essentially flat in comparison to the previous month, according to a recent report from The American Institute of Architects (AIA).
China Makes Veiled Threat to Ban or Limit Rare Earth Exports to the U.S.
As the U.S.-China trade war continues to heat up, China’s latest move was to float an idea of banning exports of rare-earth elements to the U.S. This is being considered as one of several answers to the Trump Administration’s decision to increase tariffs on Chinese goods and blacklist Chinese telecom Huawei.
Architectural Billings Moderated in February
Architecture firm billings growth softened in February but remained positive, according to The American Institute of Architects (AIA).
Construction + Economy, Craig’s Lighting Articles
2019 Construction Forecast Predicts Solid Growth
The Lighting Controls Association has published an article summarizing key construction economic indicators and presenting the AIA Consensus Construction Forecast for 2019, which predicts solid growth in an atmosphere of “cautious positivity.”
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