Architecture Billings rose one point to 52 in December

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Architecture Billings rose one point to 52 in December

Washington, DC, Jan. 19, 2021 — The Architectural Billings Index (ABI) reading of 52.0 in December was an increase from 51.0 in November (any reading above 50 indicates growth in billings), according to the American Institute of Architects.

Despite various concerns related to the Omicron variant, labor shortages and rising prices, as well as limited availability of construction materials, companies continued to report a robust supply of orders in the pipeline. Inquiries about new work and the value of new design contracts remained strong, and backlogs remained at an average of 6.5 months, near the highest level since the AIA began collecting this metric in 2010.

“As demand for design projects has been good over the past year, recruiting architectural staff to keep up with project workloads is a growing concern for companies,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Architecture is one of the few industries where payrolls have already passed their pre-pandemic peak, so meeting future staffing needs is a challenge most organizations face.

The regional averages were as follows: South (56.4); Midwest (51.0); west (47.5); Northeast (45.3)/

Sector index breakdown was mixed practice (60.6); apartment building (49.2); commercial/industrial (49.2); and institutional (47.6).

The project request index was 66.8 and the design contract index was 55.8.

Related topics:The American Institute of Architects

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