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BROWSE THE RESIDENTAL GALLERY

In the Blog

By Carolyn Nutter 21 Feb, 2024
WASHINGTON – February 21, 2024 – Architecture firm billings remained soft entering into 2024, with an AIA/Deltek Architecture Billings Index (ABI) score of 46.2 in January. Any score below 50.0 indicates decreasing business conditions. “This now marks the lengthiest period of declining billings since 2010, although it is reassuring that the pace of this decline is less rapid and the broader economy showed improvement in January,” said Kermit Baker, PhD, AIA Chief Economist. "Firms are seeing growth with inquiries into new projects and value of newly signed design contracts is holding steady, showing potential signs of interest from clients in new projects.” Business conditions remained weak at firms in all regions of the country except the Midwest, where modest growth was seen in three of the last four months. Firms with a multifamily residential specialization continue to report the softest business conditions of all specializations. The ABI score is a leading economic indicator of construction activity, providing an approximately nine-to-twelve-month glimpse into the future of nonresidential construction spending activity. The score is derived from a monthly survey of architecture firms that measures the change in the number of services provided to clients. Key ABI highlights for January include: • Regional averages: Northeast (43.6); Midwest (50.9); South (45.2); West (46.6) • Sector index breakdown: commercial/industrial (47.0); institutional (48.5); mixed practice (firms that do not have at least half of their billings in any one other category) (42.9); multifamily residential (44.6) • Project inquiries index: 53.8 • Design contracts index: 49.7 The regional and sector categories are calculated as three-month moving averages and may not always average out to the national score. Every January the AIA research department updates the seasonal factors used to calculate the ABI, resulting in a revision of recent ABI values. Visit AIA’s website for detailed information about this, and past billing index reports.
By Carolyn Nutter 25 Jan, 2024
WASHINGTON – January 24, 2024 – The AIA/Deltek Architecture Billings Index (ABI) remained below 50 for December, indicating soft business conditions to close out 2023. The score of 45.4 remained essentially flat from November. Any score below 50.0 indicates decreasing business conditions but there are encouraging signs of the pipeline. “Billings at firms declined for eight months of the year, and the last four months saw this overall weakness accelerate,” said Kermit Baker, PhD, AIA Chief Economist. " Fortunately, project backlogs at firms eased only slightly through the year despite the overall reported softness in billings.” Firm billings declined at firms in all regions of the country except the Midwest in December, where billings were essentially flat. Business conditions were also weak for most of the year at firms of all specializations, with firms with a multifamily residential specialization experiencing a particularly challenging year. In addition, most firms report that over the past six months at least some of their projects have been significantly delayed, put on hold, or even cancelled. On average, almost 30% of projects on a dollar basis have fallen into one of these categories. The ABI score is a leading economic indicator of construction activity, providing an approximately nine-to-twelve-month glimpse into the future of nonresidential construction spending activity. The score is derived from a monthly survey of architecture firms that measures the change in the number of services provided to clients. Key ABI highlights for December include: • Regional averages: Northeast (45.9); Midwest (50.3); South (43.4); West (45.3) • Sector index breakdown: commercial/industrial (46.4); institutional (46.5); mixed practice (firms that do not have at least half of their billings in any one other category) (42.3); multifamily residential (45.8) • Project inquiries index: 53.1 • Design contracts index: 50.0 The regional and sector categories are calculated as three-month moving averages and may not always average out to the national score. Visit AIA’s website for detailed information about this, and past billing index reports.
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Case Studies

By ReadingRock 01 Sep, 2022
To provide an outdoor space for employees to gather by tying the architectural features of the building into the outside design. Landscape architecture firm, Element Design, was retained to help accomplish this goal. They set out to find a manufacturing partner who could provide a unique paver solution in a reasonable time and competitive price. Additionally, they would require careful detail by the installing contractor due to the fact these pavers would be installed during regular business hours and while the building was occupied.
By ReadingRock 01 Sep, 2022
The new addition will serve as a key residential amenity and, therefore, had to look the part. Designers wanted a casual, contemporary style that complemented the surrounding buildings but also stood out. A mixed texture design was desired for the building in order to enhance interaction but also add to the visual depth. The majority of the clubhouse is giant, storefront windows. A product had to be chosen that would visually coincide with the many windows.
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