Items Tagged with 'architecture billings'

Uncertainty around the impact of recently announced tariffs and immigration policies have dampened the economic outlook for the building industry, with the latest ABI data showing a drop in new project inquiries for the first time since 2020.

The AIA/Deltek Architectural Billings Index shows 11 straight months of declining contracts, with firms shedding more than 1,400 positions last year.

Despite a rally last fall, the latest ABI data from the American Institute of Architects charts a sharp decrease in firm billings. 

Elevated interest rates, high construction costs, and weak property values continue to drive down billings.

As a monthslong economic slump continues, the latest Architecture Billings Index from AIA/Deltek reports the sharpest decline in architecture billings yet.