Architecture Billings Index moderates slightly, remains strong

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["a",["href","https:\/\/www.aia.org\/articles\/6502007-renovation-claims-50-share-of-firm-billing"]],["b"]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON \u2013 May 18,\n2022 \u2013 "],[0,[],0,"For the fifteenth consecutive month architecture\nfirms reported increasing demand for design services in April, according to a\nnew report today from The American Institute of Architects (AIA)."]]],[1,"p",[[0,[],0,"AIA\u2019s Architecture\nBillings Index score for April was 56.5 compared to 58.0 in March. Any score\nabove 50 indicates an increase in billings. During April, scores for both new\nproject inquiries and design contracts moderated slightly, but remained strong,\nposting scores of 62.3 and 55.4, respectively.\n"]]],[1,"p",[[0,[],0,"\n\u201cWhile business conditions at architecture firms have been very encouraging\nover the past year, project activity has been steadily shifting toward work on\nexisting buildings,\u201d said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. \u201cBillings\nfor reconstruction projects exceeded those for new construction for the first\ntime in the last two decades. While the reconstruction share of building activity\nwill continue to ebb and flow, in general, we\u2019ll continue to move toward an\nincreased share of building activity for reconstruction and a decreased share for\nnew construction.\u201d "]]],[1,"p",[[0,[0],1,"Key ABI highlights for\nApril include:"]]],[3,"ul",[[[0,[],0,"Regional averages: West (58.2); Midwest (57.6);\nSouth (57.3); Northeast (53.1)"]],[[0,[],0,"Sector index breakdown: mixed practice (61.2);\ncommercial\/industrial (60.7); multi-family residential (57.2); institutional (51.8)"]]]],[1,"p",[[0,[],0,"The regional and\nsector categories are calculated as a three-month moving average, whereas the\nnational index, design contracts and inquiries are monthly numbers."]]],[1,"p",[[0,[],0,"To learn more about\nrecent economic developments impacting design and construction, visit "],[0,[1],1,"AIA\u2019s website"],[0,[],0,"."]]],[1,"p",[]],[1,"p",[[0,[2],1,"About AIA"]]],[1,"p",[[0,[],0,"Founded\nin 1857, AIA consistently works to create more valuable, healthy, secure, and\nsustainable buildings, neighborhoods, and communities. Through more than 200\ninternational, state and local chapters, AIA advocates for public policies that\npromote economic vitality and public wellbeing."]]],[1,"p",[[0,[],0,"AIA provides members with tools and resources to assist them\nin their careers and business as well as engaging civic and government leaders\nand the public to find solutions to pressing issues facing our communities,\ninstitutions, nation, and world. Members adhere to a code of ethics and conduct\nto ensure the highest professional standards."]]]]}