Both the billing index and design contracts continued to slide, while inquiries into new projects rose modestly in November, indicating firms seeing less current and new work but remaining positive.
While billings in the Northeast and in the institutional sector continue to peak, residential and commerical sectors have begun to falter for the first time since recovery post-pandemic.
Architectural billings surged and architects' backlog of projects reached an all-time high, indicating the industry's ongoing struggle to keep pace with demand.
Despite the positive trend, demand for design services in the Northeast has dropped as continued supply chain and staffing issues are compounded by spiking inflation.