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July 1, 2015

AIA index shows demand is rising

Demand for design services increased in May, led by new schools, hospitals and cultural and municipal buildings, the American Institute of Architects said in a press release.

The Architecture Billings Index score in May was 51.9, up from 48.8 in April.

The index reflects the approximate nine to 12-month lead time between architecture billings and construction spending. Any score above 50 indicates an increase in architecture billings.

Institutional projects scored 55.2, followed by mixed practice at 52.5, commercial/industrial at 48.3 and multifamily at 45.9.

AIA Chief Economist Kermit Baker said, “Generally, the business climate is favorable, but there are still construction sectors and regions of the country that are struggling, producing the occasional backslide in the midst of what seems to be growing momentum for the entire industry.”




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