Construction spending for nonresidential buildings is projected to increase 4% this year and continue at that pace of growth through 2019, according to the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast. Click to see the numbers.
Construction + Economy
Architecture Billings End year on Positive Note
The Architecture Billings Index (ABI) concluded the year with a score of 52.9, capping three straight months of growth in design billings.
Architecture Billings Bounce Back
After a stand-alone month of contracting demand for design services, there was a modest uptick in the Architecture Billings Index (ABI) for October.
Architecture Billings Index Dips into Contractionary Territory
After seven months of steady growth in the demand for design services, the Architecture Billings Index (ABI) paused in September.
Construction + Economy, Research
AIA Home Design Trends Survey Finds Growing Popularity of Controls
Wireless features, automated lighting controls, and home automation are becoming more popular in residential projects; the most popular home products demonstrate energy management features. These are just some of the findings from The American Institute of Architects’ (AIA) Home Design Trends Survey covering activity during the second quarter of 2017 that focused on emerging home features, systems and technologies.
Architecture Billings Index Continues Growth Streak
With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index (ABI). The American Institute of Architects (AIA) reported the August ABI score was 53.7, up from a score of 51.9 in the previous month.
Architecture Billings Index Growth Moderates
For the sixth consecutive month, architecture firms reported increasing demand for design services as reflected in the July Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the July [...]
Electroindustry Business Confidence Indexes Decline Sharply but Remain above 50
NEMA’s Electroindustry Business Confidence Index for current conditions slid by more than 20 points from the near-term high of 76.5 reached in March of this year. As recently as last month, the current conditions index topped 60 but fell 7.2 points to reach July’s value of 53.3. Most of the change came from a larger [...]
Moderating Economic Growth Results in Downgraded Construction Forecast for 2017 and 2018
The AIA Consensus Construction Forecast projects annual growth in the 3.5% to 4% range for the remainder of 2017 as well as for 2018, with a slower growing commercial/industrial market, and an institutional sector facing several challenges. While some slowdown in the commercial sector was anticipated for 2017 and 2018, it was expected to be [...]
Design Billings Maintain Solid Footing
Design services at architecture firms continue to project a healthy disposition on the construction industry as the Architecture Billings Index (ABI) recorded the fourth consecutive month of growth in May 2017. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. [...]
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