ABI Drops Slightly in October

Demand for architecture design services has been increasing for most of 2015 in nearly all construction project types, according to the American Institute of Architects. AIA’s Architecture Billings Index dropped slightly in October to a score of 53.1 from 53.7 in September. A score above 50 indicates an increase in billings and design services. The new projects inquiry index registered 58.5, down from 61.0 the previous month.

“Allowing for the possibility of occasional and minor backsliding, we expect healthy business conditions for the design and construction industry to persist moving into next year,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “One area of note is that the multi-family project sector has come around the last two months after trending down for the better part of the year.”