U.S. Architectural Billings Fall in June
The Architecture Billings Index (ABI) fell 1.1 points in June to 49.1, according to The American Institute of Architects (AIA) Economics & Market Research Group. This is the fourth consecutive month where billings had either declined or been flat. Billings decreased in all geographic regions except for the South, which reported a 0.5 point increase to 51.9. Firms specializing in commercial and industrial buildings reported growth in billings at 52.3, with all other specializations reporting decreases.
June’s special practice question for its members covered the impact of tariffs on business. Nearly 35% of all respondents reported a degree of concern at 4 or 5, with 5 being “very concerned.” Firms located in the West and with commercial/industrial specializations were the most concerned.
The ABI is produced from the AIA’s monthly Work-on-the-Boards survey, which measures whether architectural firms’ “billings increased, decreased, or stayed the same for the month ended.” A score lower than 50 indicates a decline in billings from the preceding period. See AIA