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AIA index continues to drop (1:43 p.m. 7/22/09)

The economic outlook provided by the Architecture Billings Index went from bad to worse as architects reported less work in June.

The billings index, created by the American Institute of Architects, is based on a survey of firms that measures how many prospective projects architects have on their dockets. A score higher than 50 on the index means demand for architecture work is increasing, but the nationwide number slipped to 37.7 in June, compared to 42.9 in May. 

The Midwest fared even worse with a score of 36.2.

It takes roughly nine to 12 months for a project that registered in the index to go to construction, so the AIA is warning that the amount of work might continue to decline throughout 2010.

One comment

  1. How do we access the AIA index to see its historical performance?

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