AIA Architectural Billings Index
The American Institute of Architects’ Architectural Billings Index (ABI) is a leading indicator of growth in the construction industry.
Any score above 50 indicates an increase in billings relative to the previous month (and therefore an increase in expected construction activity) while a score below 50 indicates a decline. The most recent ABI score is 50, suggesting no change in billings and only modest growth.
In August, the Northeast region reported an ABI of 48.2, down from above 50 in June and July. Both the West and Midwest regions are registering declines, according to August 2024 data. The South is the only region with a rising index from 46.3 in July to 46.8 in August, though still under 50.
All three sectors — industrial/commercial, institutional, and residential — have been shrinking since February 2024.
– SIGN UP –
Receive a full version of our
construction Market Analysis
each quarter.
