{"id":6202,"date":"2021-06-10T15:36:52","date_gmt":"2021-06-10T22:36:52","guid":{"rendered":"https:\/\/insights.cumming-group.com\/?page_id=6202"},"modified":"2024-02-19T13:50:26","modified_gmt":"2024-02-19T21:50:26","slug":"aia-architectural-billings-index","status":"publish","type":"page","link":"https:\/\/insights.cumming-group.com\/aia-architectural-billings-index\/","title":{"rendered":"AIA Architectural Billings Index"},"content":{"rendered":"

AIA Architectural Billings Index<\/h1><\/span>
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The American Institute of Architects\u2019 Architectural Billings Index (ABI) is a leading indicator of growth in the construction industry. <\/span><\/h2>\n

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: indicating slight growth staying unchanged.<\/p>\n

The West region saw an ABI value of 40. It has not recorded a value above 50 since February 2023. The South and Northeast regions are seeing a slight decline, with values of 48.5 and 48.9, according to October 2023 data. The overall picture is a mixed bag, with interest rates stubbornly high and many projects looking to take advantage of federal money rather than begin construction as soon as possible.<\/span><\/p>\n

\nAll three sectors \u2013 industrial\/commercial, institutional, and residential\u2013 shrank during the 4th quarter of 2023. This seems to hint at underlying uncertainty about the state of the economy going forward \u2013 a recession on the horizon looks less likely than it did last January, but remains a distinct possibility. Many in the industry appear to be keeping their powder dry in anticipation of a policy change. <\/p>\n<\/div>

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