Firms expect fewer employees working in the office full-time post-pandemic, although many expect office space needs to be unchanged to accommodate better social distancing.
Architectural billings continue to contract in 2021
“While federal stimulus and the increasing pace of vaccinations may begin to accelerate progress in the coming months, the year has gotten off to a slow start, with architecture firms in all regions of the country and in all specializations reporting continued declines in project billings.”
ABI December 2020: Architecture firm billings end the year on a sour note
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.
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.
Containment of Coronavirus Key 'Wild Card' In Economy's Trajectory
Irrespective of the scenario, we expect tough sledding ahead for the economy … as job gains continue to slow, business failures persist, and wage growth and spending remain challenged.
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.
AIA: Billings Remain Down but Stable in June
“Unfortunately, conditions at firms with a commercial/industrial specialization are likely to remain weak for an extended period of time, until hospitality, office and retail facilities can fully reopen, and design demand for this space begins to increase."
AIA's Consensus Construction Forecast Projects Decline in Nonresidential Project Spending Through 2021
The downward trend, which is expected to hit the commercial sector the hardest, will end "an almost decade-long expansion in construction spending."
Measuring the Fallout of COVID-19 for the Design Industry
Take a look at the first results of ThinkLab’s Industry Impact Survey, which is generating data to help designers and design manufacturers move forward during these challenging times.
AIA: Billings Continued Historic Contraction in April
The ongoing fallout from the COVID-19 pandemic continues to impact all sectors and regions of the economy.
Economist Sees 'Short, Sharp' Recession for the Industry
Meeting a Challenging Moment for the Design Professions
AIA: Billings Fell Dramatically in March
AIA’s monthly Architecture Billings Index for March came in at a score of 33.3, a dramatic 20.1-point decrease from February’s score of 53.4, reflecting the deteriorating economic conditions caused by the COVID-19 pandemic.
U.S. Durable-Goods Orders Drop as Economic Outlook Sours
Orders for long-lasting factory goods fell 14.4%; commercial aircraft and parts orders dropped more than $16.3 billion.
Why the rollout of the $2 trillion CARES Act was a colossal mess
Desperate citizens haven’t gotten their stimulus checks. The Payroll Protection Program has run out of money. According to two former federal employees, the CARES Act was doomed from the start.
Office-contract furniture market estimated to be $17 billion in North America
The preliminary estimate developed by IHS Markit of the North American office, education, and healthcare furniture market for 2019 was estimated to be $16.99 billion by the Business and Institutional Furniture Manufacturers Association.