Posted in Industry News
Architecture Activity Opens Strong in Q3
U.S. architecture firms all around the United States had three consecutive months of gains in billings as of July 2014. The summer month saw a reading on the design activity index of 55.8, with any score above 50 representing growth. This third quarter data signifies significant gains, more so than any other quarter since mid-2007.
New design contracts are earning solid monthly scores. In fact, August saw a reading of 54.9, and new project inquiries saw a 66.0, all strong indicators for the growing momentum in design activity, which is expected to continue to produce solid gains in the construction sector into next year.
Billings activity is not just showing consistent growth nationally, but also regionally as well. Billings at firms in all major regions of the country were strong, with firms in the Northeast, Midwest and West reporting numbers that were up from declining billings as recently as two to three months ago. Firms in the South continue to experience healthy business conditions, just as they have every month for the last two years.
Read the full article from AIA here.
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