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Coronavirus / Industry Statistics

May 20, 2020

Architecture Billings Continue Historic Contraction

Demand for design services in April saw the steepest decline on record, according to The American Institute of Architects (AIA).

AIA’s Architecture Billings Index (ABI) score of 29.5 for April, down from 33.3 in March and 53.4 in February, reflects a dramatic decrease in design services provided by U.S. architecture firms (any number below 50 indicates a decrease in billings).

During April, both the new project inquiries and design contracts scores also declined significantly, posting scores of 28.4 and 27.6 respectively. 

“With the dramatic deceleration that we have seen in the economy since mid-March, it’s not surprising that businesses and households are waiting for signs of stability before proceeding with new facilities,” said AIA Chief Economist Kermit Baker. “Once business activity resumes, demand for design services should pick up fairly quickly. Unfortunately, the precipitous drop in demand for design services will have lasting consequences for some firms.”


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Date

May 20, 2020

Category

CORONAVIRUS / INDUSTRY STATISTICS

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