The latest architectural billings indicate that renovations on existing buildings are outpacing new construction for the first time in decades.

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 concerns over meeting hiring demands, firms end the year on a high note.

The 8-month streak in elevated billings scores has begun to slow down.

Demand for design services remains strong, however a lag in architectural employment may factor into firms’ ability to keep pace.

Architectural billings continue to trend upward for an eighth consecutive month, but it is unlikely that firms' revenue increases can keep up with demand. 

July marks the sixth consecutive positive month for architecture billings.