Work on existing buildings accounts for more than half of firm billings so far this year.
Architecture billings lose ground in November
AIA’s monthly Architecture Billings Index contracted once again in November, posting a score of 46.3, down 1.2 points from October's score of 47.5.
Architecture billings remained stalled in October
While architectural billings failed to show much progress during October, signs of improving business conditions at firms have emerged.
Despite an ongoing decline in architecture firm billings, indicators of future work continue to improve
Despite the multi-family residential sector showing signs of improvement, overall business conditions are recovering at a disappointingly slow pace.
ABI August 2020: Architecture firm billings still show little sign of improvement
Many firms are finding that fewer proposals are converting to active projects since pandemic’s start.
Lessons In Building Out Modern Offices In Historic Buildings
While many office professionals will remain remote into 2021, eventually companies will bring employees back to their workplaces for collaboration, to boost company culture, and to regain a separation between work and home. In the meantime, work continues in many office build-outs, including those in historic buildings that present the unique opportunity to blend history and modernity.
Transforming Aging Buildings Into Modern Workplaces
As re-urbanism, renovation and repositioning continues, adaptive reuse is on track to become the new norm.
AIA: Billings Stalled in July
AIA’s monthly Architecture Billings Index displayed stalled billings for July, posting a score of 40.0 and remaining level with June's score.
Nonresidential building spending projected to decline this year and next
Commercial buildings slated to see the bulk of the downturn; slowdown for institutional facilities predicted to be relatively modest.
This is What Office Construction Post-COVID Shutdown Looks Like
Should 78 million square feet of office construction be a concern at a time when many workers might opt to work remotely for at least part of their work week?
Coronavirus Could Hit Construction Supply Chains Next
A clear picture of the global economic impact of the deadly coronavirus has begun to emerge, and U.S. real estate companies are monitoring how the crisis could play out on construction sites and in development pipelines.
Architecture Billings Index Upticks in November
AIA's Architecture Billings Index (ABI) score of 51.9 for November reflects an increase in design services provided by U.S. architecture firms.
Architecture Billings Index downturn moderates as challenging conditions continue
“Though still in negative territory, the moderating billings score along with the rebound in design contracts and inquiries serve as a continued note of caution for the industry.”
Recession Preview? Design services demand stalled in June
One-Quarter Of All U.S. Office Construction In The Past Decade Was In Texas
Texas metropolitan areas have been leading the nation in office construction and have no reason to pump the brakes on future construction projects since demand only continues to grow, a new report from CoStar says.
AIA: Billings Backslide in March
Billings Moderate in February Following Robust New Year
AIA: Architecture Billings' Growth Strengthened in January Despite Partial Government Shutdown
ABI December 2018: The year ends with slow billings growth
When it comes to current projects, few firms have felt the impact of recent stock market volatility.
AIA: Billings Remain Positive for the 14th Consecutive Month
Last month, the overall billings increased by a healthy margin to a score of 54.7, and architecture firms in the Northeast, West, and South regions reported positive growth in billings.