Architecture Billings Index Continues Its Streak of Soft Readings
Washington, D.C. -- Demand for design services in July remained essentially flat in comparison to the previous month, according to a new report released by The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score of 50.1 in July showed a small increase in design services since June, which was a score of 49.1. Any score above 50 indicates an increase in billings. In July, the design contracts score dipped into negative territory for the first time in almost a year. Additionally, July billings softened in all regions except the West, and at firms of all specializations except multifamily residential.