Economy
December 19, 2020
Architecture Billings Index Slides to 46.3 in November
Written by Sandy Williams
There was no reprieve in November for architecture firms that have seen billings shrink for the past nine months. The American Institute of Architects reports the Architecture Billings Index slid to 46.3 in November, down from October. Although inquiries into new work have risen, albeit at a slower pace, the value of new design contracts has decreased.
The drop in billings was most noticeable in firms located in the Northeast, said AIA. However, Midwest billings rose for the first time since January.
