{"id":128049,"date":"2021-06-29T06:35:22","date_gmt":"2021-06-29T10:35:22","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=128049"},"modified":"2021-06-28T22:40:53","modified_gmt":"2021-06-29T02:40:53","slug":"architecture-billings-continue-historic-rebound-in-may","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/architecture-billings-continue-historic-rebound-in-may\/","title":{"rendered":"Architecture billings continue historic rebound in May"},"content":{"rendered":"
\"According<\/a>
According to a new American Institute of Architects (AIA) report, architecture billings continued a historic rebound in May.<\/span>
Photo \u00a9 BigStockPhoto.com<\/span><\/em><\/figcaption><\/figure>\n

Demand for design services from U.S. architecture firms continues to grow at a vigorous pace, according to a new report from the American Institute of Architects<\/a> (AIA).<\/p>\n

AIA\u2019s Architecture Billings Index (ABI) score for May rose to 58.5 compared to 57.9 in April (any score above 50 indicates an increase in billings). May\u2019s ABI score is one of the highest in the index\u2019s 25-year history. During May, the new design contracts score reached its second consecutive record high with a score of 63.2, while new project inquiries also recorded a near-record high score at 69.2.<\/p>\n

\u201cDespite ballooning costs for construction materials and delivery delays, design activity is roaring back as more and more places reopen,\u201d said AIA chief economist Kermit Baker, Hon. AIA, PhD. \u201cHowever, concern over rising inflation and ongoing supply chain disruptions, as well as emerging labor shortages, could dampen the emerging construction recovery.\u201d<\/p>\n

Key ABI highlights for May:<\/p>\n