{"id":40533,"date":"2017-07-31T11:05:04","date_gmt":"2017-07-31T15:05:04","guid":{"rendered":"https:\/\/www.constructionspecifier.com\/?p=40533"},"modified":"2017-07-31T11:05:04","modified_gmt":"2017-07-31T15:05:04","slug":"architecture-billings-continue-well-grounded-growth-in-may","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/architecture-billings-continue-well-grounded-growth-in-may\/","title":{"rendered":"Architecture billings continue well-grounded growth in May"},"content":{"rendered":"<figure id=\"attachment_40534\" aria-describedby=\"caption-attachment-40534\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/bigstock-Construction-worker-with-helme-179120842.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-40534 size-medium\" src=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/bigstock-Construction-worker-with-helme-179120842-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/bigstock-Construction-worker-with-helme-179120842-300x200.jpg 300w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/bigstock-Construction-worker-with-helme-179120842-768x512.jpg 768w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/bigstock-Construction-worker-with-helme-179120842-500x333.jpg 500w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/07\/bigstock-Construction-worker-with-helme-179120842.jpg 900w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-40534\" class=\"wp-caption-text\"><span style=\"font-size: 10pt; font-family: arial, helvetica, sans-serif;\">This month\u2019s Architecture Billings Index (ABI) indicates May did not break the trend of steady growth that has persisted throughout the year. <\/span><br \/><em>Photo \u00a9 BigStockPhoto<\/em><\/figcaption><\/figure>\n<p>The steady increase in architecture billings that has hallmarked 2017 continued in May, according to the <a href=\"https:\/\/www.aia.org\/\" target=\"_blank\" rel=\"noopener\">American Institute of Architects<\/a> (AIA) <a href=\"https:\/\/www.aia.org\/resources\/10046-the-architecture-billings-index\" target=\"_blank\" rel=\"noopener\">Architecture Billings Index<\/a> (ABI). The overall ABI\u2014which examines the lead time between architecture billings and construction spending\u2014increased to 53 that month from April\u2019s score of 50.9.<\/p>\n<p>Other scores for the month include:<\/p>\n<ul>\n<li>a new projects inquiry index, increasing to 62.4 from 60.2;<\/li>\n<li>a new design contracts index, increasing to 54.8 from 53.2;<\/li>\n<li>regional averages, with the South scoring 56.1, the West ranking 52.3, the Midwest standing at 50.4, and the Northeast rating 46.5; and<\/li>\n<li>sector-specific scores, including mixed-practice (55.8), multifamily residential (51.3), commercial\/industrial (51.2), and institutional (51.2).<\/li>\n<\/ul>\n<p>To arrive at these numbers, AIA member-owned firms respond to a survey indicating whether their billings increased, decreased, or remained steady from month to month. The broader indexes are calculated on a monthly basis, while regional and sector categories take three-month averages into account.<\/p>\n<p>\u201cThe fact that data surrounding both new project inquiries and design contracts have remained positive every month this year, while reaching their highest scores for the year, is a good indication that both the architecture and construction sectors will remain healthy for the foreseeable future,\u201d said Kermit Baker, Hon. AIA, PhD, chief economist for AIA. \u201cThis growth hasn\u2019t been an overnight escalation, but rather a steady, stable increase.\u201d<\/p>\n<p>For more information on the ABI, consult the <a href=\"http:\/\/aiad8.prod.acquia-sites.com\/sites\/default\/files\/2016-04\/Designing-Construction-Future_3-14.pdf\" target=\"_blank\" rel=\"noopener\">white paper<\/a>, \u201cDesigning the Construction Future: Reviewing the performance and extending the applications of the AIA\u2019s Architecture Billings Index.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The steady increase in architecture billings that has hallmarked 2017 continued in May, according to the American Institute of Architects (AIA) Architecture Billings Index (ABI).<\/p>\n","protected":false},"author":1836,"featured_media":40535,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[3627,1032,2425,3286,1361],"class_list":["post-40533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-abi","tag-aia","tag-construction-spending","tag-national","tag-report","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Architecture billings continue well-grounded growth in May - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionspecifier.com\/architecture-billings-continue-well-grounded-growth-in-may\/\" \/>\n<meta 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