Architecture Firms Report Increased Demand for Services
WASHINGTON, DCArchitecture firms, including those focused in the residential sector, continued to report increasing demand for design services in September, according to a new report issued by the American Institute of Architects.
According to the Washington, DC-based AIA, the association’s monthly “Architecture Billings Index” (ABI) score for September was 56.6, up from August’s score of 55.6. Any score above 50 indicates an increase in billings from the prior month, the AIA said.
“The ABI scores over the last eight months continue to be among the highest ever seen in the immediate post-recession periods that have been captured throughout the index’s history,” said AIA Chief Economist, Kermit Baker.
Baker cautioned, however, that it’s “unlikely that revenue increases at architecture firms can sustain this pace.”
“Given that growth in both new design contracts and project inquiries have moderated in recent months, we expect to see a similar path for the ABI,” Baker said.
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