October 6, 2010
AIA Billings Index Reports Slight Improvement For US Architects

The American Institute of Architects has reported a slight improvement in the results of its monthly architects billings index.

But although the drop in billings has slowed for the third straight month, they have still failed to show a month-on-month increase.

The August results of the index reported a score of 48.2, up from 47.9 the previous month. Only a score of 50 or above would represent an actual increase in billings.

“Project cancellations, regardless of when they happen in the design phase, continue to be the main road block to recovery for the construction sector,” said AIA chief economist Kermit Baker.

“Numerous projects have been put on hold indefinitely over the last several months with little hope that they will be resumed. Work that is being done is more likely smaller renovation projects, as opposed to new buildings.”

Despite the overall decline in billings, some regions and sectors have reported healthy figures with the north-eastern states scoring 50.9 on the index and the commercial/industrial sector scoring 50.6.

The new projects inquiry score was more robust, up from 53.1 to 54.6.

The billing index is seen as an indicator of the health of the construction industry, with a nine to twelve month lag between architectural billings and construction spending.

Source: Building Design, September 28, 2010

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Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month, February through December. Framework Online arms you with important news and commentary on the cold-formed steel (CFS) framing and construction industries.