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Justin Reginato, Ph.D.
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Architectural billings are surging, and that's good news for CM students.

10/23/2013

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The American Institute of Architects released it's September Architectural Billings Index (ABI).  It's at 54.3, up from 53.8 in August (a value >50 indicates and increase in billings).  The ABI is considered a leading indicator for construction activities.
Picture
The above figure is courtesy of Bill McBride at the Calculated Risk Blog.

Some other details:

  • The new projects inquiry index in September was 58.6, down from 63.o in August
  • Regional averages showed strongest activity in the West (good for us) at 60.6, followed by the South (54.1), Midwest (51.0), and Northeast (50.7)
  • In terms of specific sectors, commercial/industrial was strongest (57.9), followed by multi-family residential (55.6), mixed practice, which is a new category for the ABI as far as I can tell (55.4), and institutional (50.4).  

Over the last year, multi-family led the pack.  It will be interesting to watch if commercial/industrial stays out front.
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