{"id":126059,"date":"2020-12-18T09:10:19","date_gmt":"2020-12-18T14:10:19","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=126059"},"modified":"2020-12-17T12:14:22","modified_gmt":"2020-12-17T17:14:22","slug":"architecture-billings-lose-ground-in-november","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/architecture-billings-lose-ground-in-november\/","title":{"rendered":"Architecture billings lose ground in November"},"content":{"rendered":"
\"According<\/a>
According to a new American Institute of Architects (AIA) report, architecture billings lost ground in November.<\/span>
Photo \u00a9 BigStockPhoto.com<\/span><\/em><\/figcaption><\/figure>\n

Architecture firm billings are contracting once again after two months of a slow decline, according to a new report from the American Institute of Architects<\/a> (AIA).<\/p>\n

The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.3 from 47.5 (any score below 50 indicates a decline in firm billings).<\/p>\n

The pace of inquiries into new projects slowed, but remained positive with a score of 52. However, the value of new design contracts dipped back into negative territory with a score of 48.6.<\/p>\n

\u201cIn previous design cycles, we typically have not seen a straight line back to growth after a downturn hits,\u201d said AIA chief economist, Kermit Baker, Hon. AIA, PhD. \u201cThe path to recovery is shaping up to be bumpier than we hoped for. While there are pockets of optimism in design services demand, the overall construction landscape remains depressed.\u201d<\/p>\n

Key ABI highlights for November include:<\/strong><\/p>\n