{"id":4779,"date":"2016-08-22T08:00:14","date_gmt":"2016-08-22T12:00:14","guid":{"rendered":"https:\/\/roofingmagazine.com\/?p=4779"},"modified":"2016-08-18T09:03:30","modified_gmt":"2016-08-18T13:03:30","slug":"architecture-billings-index-remains-positive-as-demand-for-all-project-types-continues-to-increase","status":"publish","type":"post","link":"https:\/\/roofingmagazine.com\/architecture-billings-index-remains-positive-as-demand-for-all-project-types-continues-to-increase\/","title":{"rendered":"Architecture Billings Index Remains Positive as Demand for All Project Types Continues to Increase"},"content":{"rendered":"

The Architecture Billings Index<\/a> (ABI) was positive in July for the sixth consecutive month, and tenth out of the last twelve months as demand across all project types continued to increase. \u00a0As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects <\/a>(AIA) reported the July ABI score was 51.5, down from the mark of 52.6 in the previous month. This score still reflects an increase in design services (any score above 50 indicates an increase in billings). \u00a0The new projects inquiry index was 57.5, down from a reading of 58.6 the previous month.<\/p>\n

\u201cThe uncertainty surrounding the presidential election is causing some funding decisions regarding larger construction projects to be delayed or put on hold for the time being,\u201d said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. \u00a0\u201cIt\u2019s likely that these concerns will persist up until the election, and therefore we would expect higher levels of volatility in the design and construction sector in the months ahead.\u201d<\/p>\n

Key July Architecture Billings Index highlights:
\nRegional averages: South (56.9), Midwest (50.1), Northeast (49.3), West (49.2)
\nSector index breakdown: multi-family residential (55.2), institutional (50.7), mixed practice (50.5), commercial\/industrial (50.3)
\nProject inquiries index: 57.5
\nDesign contracts index: 51.8<\/p>\n

The regional and sector categories are calculated as a three month moving average, whereas the national index, design contracts and inquiries are monthly numbers. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Architecture Billings Index (ABI) was positive in July for the sixth consecutive month, and tenth out of the last twelve months as demand across…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"#Architecture Billings Index Remains Positive as Demand for All Project Types Continues to Increase @AIANational","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[8],"tags":[3156,4396,4370,161,5962],"jetpack_publicize_connections":[],"yoast_head":"\nArchitecture Billings Index Remains Positive as Demand for All Project Types Continues to Increase - 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