Category Archives: Economy

VIDEO: Architecture and the 2014 Washington Economy

By | Economy, News, Policy Research | No Comments

Economy and Architecture: Where Are We Today?

The architecture and construction took a blow in 2008. In this video, we’ll look at how architecture is currently fairing and trends in the economy since 2008 for architects and their associates in Washington, the West Region, and in the United States as a whole.

You can also view the presentation on YouTube.

Citations

3-4) Riskus, Jennifer, and Kermit Baker. Architecture Billings Index. 22 Jan. 2014. Raw data. The American Institute of Architects, Washington, DC.

5-6) United States Census Bureau. “Construction Spending.” Construction Spending. US Department of Commerce, n.d. Web. 20 Jan. 2014. http://www.census.gov/construction/c30/historical_data.html

7) United States Bureau of Labor Statistics. “Series Report: CEU6054131001” United States Department of Labor, n.d. Web. 20 Jan. 2014. http://data.bls.gov/cgi-bin/srgate

9-10) Riskus, Jennifer, and Kermit Baker. Architecture Billings Index. 22 Jan. 2014. Raw data. The American Institute of Architects, Washington, DC.

12) Washington State Department of Revenue. “Quarterly Business Reviews.” Quarterly Business Reviews. 20 Jan. 2014 http://dor.wa.gov/content/aboutus/statisticsandreports/stats_qbr.aspx.

13-14) United States Bureau of Labor Statistics. “Occupational Employment Statistics Home Page.” United States Bureau of Labor Statistics. United States Department of Labor. 20 Jan. 2014 http://www.bls.gov/oes/.

Credits

Music
“One Foot After the Other” by MikeReganNoise (under Envato Regular License)

Artwork
“Simply Isomeric Building Set” by PILart (under Envato Regular License)
“USA, Western Region, and State Maps” by Sereth (under Wikimedia Commons License)

aiawa-thumbnail-abi

December ABI: Another Decline for Architecture Billings Index

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Continued strong demand for multi-family residential projects

Source: AIA National (http://www.aia.org/press/releases/AIAB101427)

Washington, D.C. – January 22, 2014 – Following consistently increasing demand for design services throughout most of 2013, the Architecture Billings Index (ABI) has posted its first consecutive months of contraction since May and June of 2012. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the December ABI score was 48.5, down from a mark of 49.8 in November. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.2, up from the reading of 57.8 the previous month.
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AIA National: July 2013 Architectural Billings Index

By | Economy, News, Uncategorized | No Comments

Firm Billings Up Nationwide, But Construction Sector Still Lags

Financing still cited as major reason for construction weakness

By Kermit Baker, Hon. AIA, AIA Chief Economist 

Billings at U.S. architecture firms moved up again in July, the third straight monthly increase, and the eleventh time over the past 12 months that firms have reported revenue gains. The July reading was 52.7, improving on the June score of 51.6. The index for new project inquiries also accelerated in July, with a score of 66.4, signifying the strongest growth in new inquiries since late 2005.
Firms in all regions of the country reported billings gains in July. Firms in the Northeast and South indicated particularly strong growth, with ABI scores above 54. In the Midwest and West, firms reported more modest gains. Major construction sectors served by architecture firms also all showed gains for the month. Institutional firms, while reporting only modest gains in recent months, have now recorded 12 straight months of billings growth.

Construction not stepping up
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