Source: Architecture Billings Index
Demand for design services in May remained essentially unmoved in comparison to the previous month, according to a new report from The American Institute of Architects (AIA); with the Midwest faring better than the rest of the country.
Key ABI highlights for May include:
- Regional averages: Midwest (51.6); South (51.4); West (50.0); Northeast (47.5)
- Sector index breakdown: mixed practice (55.4); commercial/industrial (53.0); institutional (48.0); multi-family residential (46.0)
- Project inquiries index: 56.2
- Design contracts index: 50.9
AIA's Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. Any score above 50 indicates an increase in billings. Both the project inquiries index and the design contracts index softened in May but remained positive.
To learn more and read more about the ABI, click here.