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Archive News Story

Architecture Billings Index jumps to highest level of year.

August 21, 2007 - Following almost 3 point spike in May, Architecture Billings Index climbed up more than 4 points in June. As leading economic indicator of construction activity, ABI shows approximate 9-12 month lag time between architecture billings and construction spending. AIA reported June ABI rating was 59.3, and inquiries for new projects was 62.6. Sector index breakdown for June was 61.6 for institutional, 58.1 for mixed practice, 57.8 for residential, and 55.8 for commercial/industrial.
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(Products mentioned in this Archive Press Release may or may not be available from the manufacturer.)


American Institute of Architects

Release date: July 18, 2007

Architecture Billings Index Jumps to Highest Level of Year

Four-point surge follows strong growth in previous month For Immediate Release Washington, D.C., July 18, 2007 - Following an almost three point spike in May, the Architecture Billings Index (ABI) zoomed up more than four points in June reaching its highest mark of the year. As a leading economic indicator of construction activity, the ABI shows an approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the June ABI rating was 59.3 (any score above 50 indicates an increase in billings), and inquiries for new projects was 62.6.

"Just when it appeared that demand for design services had crested with moderate, but flat growth in February through April, the ABI figures in May and June revealed extremely high demand for nonresidential construction projects," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "After seasonal adjustments, we are in a stretch of 30 consecutive months of growth in architectural billings - the second longest streak in the history of the survey that began in 1995."

Key June ABI highlights: o Regional averages: Northeast (62.9), South (58.0), West (57.1), Midwest (53.6) o Sector index breakdown: institutional (61.6), mixed practice (58.1), residential (57.8), commercial / industrial (55.8) o Billings inquiries index: 62.6

Shahrokh Shah, Managing Director in the Engineering, Construction & Building Products Group at BMO Capital Markets added, "The recent jump in the ABI is continued good news for companies in the building materials space, as well as for general and specialty contractors who will be in high demand as these projects that are on the drawing board enter the construction phase."

About the AIA Architecture Billings Index The Architecture Billings Index is derived from a monthly "Work-on-the-Boards" survey and produced by the AIA Economics & Market Research Group. Based on a comparison of data compiled since the survey's inception in 1995 with figures from the Department of Commerce on Construction Put in Place, the findings amount to a leading economic indicator that provides an approximately nine to twelve month glimpse into the future of nonresidential construction activity. The diffusion indexes contained in the full report are derived from a monthly survey sent to a panel of AIA member-owned firms. Participants are asked whether their billings increased, decreased, or stayed the same in the month that just ended. According to the proportion of respondents choosing each option, a score is generated, which represents an index value for each month.

About The American Institute of Architects For almost 150 years, members of The American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. AIA members have access to the right people, knowledge, and tools to create better design, and through such resources and access, they help clients and communities make their visions real. www.aia.org

Contact: Scott Frank 202-626-7467 sfrank@aia.org
Contacts:

General Information:
Scott Frank
USA
Phone: 202-626-7467
Send email  E-mail this person

Company Information:
Name: American Institute of Architects
Address: 1735 New York Ave. N.W.
City: Washington
State: DC
ZIP: 20006
Country: USA
Phone: 202-626-7300
FAX: 202-626-7420
http://www.aia.org

Other News from this company:
Jul 17, 2008 - America's Favorite Architecture: The Movie Version
Oct 23, 2007 - New York Times Chief Information Officer Named AIA Public Director
Oct 17, 2007 - Architecture Billings Index Drops Again Amid Ongoing Fears in Credit Market
Oct 15, 2007 - American Institute of Architects Issue RFQ for Major Renovation of Headquarters to Become Sustainable 21st Century Workplace
Sep 27, 2007 - 2007 Revisions to AIA Contract Documents Available November 5th
Aug 22, 2007 - Architecture Billings Index Reaches Near Record Level
Jul 30, 2007 - National Association of Counties Adopts AIA Challenge of Carbon Neutral Public Buildings by 2030
Jun 28, 2007 - Strong Nonresidential Construction Activity Expected Through 2007 and Stabilizing in 2008
Jun 22, 2007 - Two AIA Public Outreach Efforts Earn Associations Advance America 2007 Awards of Excellence
Jun 20, 2007 - Architecture Billings Index Surges Nearly Three Points
May 30, 2007 - Public Proposal Period Open for 2010 Guidelines for Design and Construction of Health Care Facilities
May 29, 2007 - Building Design Leaders Collaborate to Provide Indoor Air Quality Guidance
May 23, 2007 - Steady Conditions Continue in Architecture Billings Index
May 21, 2007 - The American Institute of Architects Announces Recipients of the 2007 AIA/HUD Secretary Awards
May 14, 2007 - 139th AIA National Convention in San Antonio Emphasizes Importance of Building Green
May 04, 2007 - Building Design Leaders Unite on Energy Reduction Targets
May 04, 2007 - AIA Unveils Digital Practice Documents
Mar 21, 2007 - Architecture Billings Index Remains Positive Despite Dropping Five Points

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