AIA’s Architecture Billings Index Stays Positive for Fourth Straight Month

By our count, we’re now in our fourth straight month of being in the black when it comes to the American Institute of Architects‘ monthly Architecture Billings Index. Our minds are always relatively cloudy, but we can’t even remember the last time that was the case. Looking back through our archives (which is chock full of repeated phrases like “inches up ever so slightly” and “takes another dive”), we see the last time we came close was the summer of 2010, when after three months of growth, you guessed it, the ABI “took another dive.” This month, like those preceding it, haven’t been giant leaps, but we’ve landed at 51.0, up from 50.9 the month prior (anything above 50 indicates an increase in billings and a general look at the health and wellness of the industry). So while not huge growth, we’ll certainly take four months of good news over the alternative. Here’s the AIA’s chief digit bearer:

“This is more good news for the design and construction industry that continues to see improving business conditions,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “The factors that are preventing a more accelerated recovery are persistent caution from clients to move ahead with new projects, and a continued difficulty in accessing financing for projects that developers have decided to pursue.”