The Architecture Billings Index (ABI) increased to 55.7 in June following fluctuations earlier this year, thanks to a surge in new public projects such as education and healthcare facilities, public safety and government buildings. The American Institute of Architects (AIA)’s index for June rose from 51.9 in May. The score reflects an increase in the volume of design services being billed, with any score above 50 indicating a rise. The new projects inquiry index was 63.4 in June, up from a reading of 61.5 the previous month. The South region came in second (54.9) to the Mid-west with a score of 57.2.
“The June numbers are likely showing some catch-up from slow growth earlier this year. This is the first month in 2015 that all regions are reporting positive business conditions and aside from the multi-family housing sector, all design project categories appear to be in good shape,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “The demand for new apartments and condominiums may have crested with index scores going down each month this year and reaching the lowest point since 2011.”
