Architecture Billings Index in December concludes year on strong note; "healthy growth" outlook for 2018

            <img src="https://archinect.imgix.net/uploads/iw/iwrncooleme2cplj.PNG?fit=crop&auto=compress%2Cformat&w=1200" border="0" /><em>The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings. The American Institute of Architects (AIA) reported the December ABI score was 52.9, down from a score of 55.0 in the previous month. [...] The new projects inquiry index was 61.9, up from a reading of 61.1 the previous month, while the new design contracts index decreased slightly from 53.2 to 52.7.</p></em><br /><br /><p><em>&ldquo;Overall, 2017 turned out to be a strong year for architecture firms. &nbsp;All but two months saw ABI scores in positive territory,&rdquo; said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Additionally, the overall strength of the fourth quarter lays a good foundation for healthy growth in construction activity in 2018.&rdquo;</em>
The American Institute of Architects reports these key ABI stats for the month of
  • Regional averages: South (56.3), West (53.0), Midwest (52.9), Northeast (49.4)
  • Sector index breakdown: multi-family residential (55.4), commercial / industrial (54.8), institutional (51.2), mixed practice (50.4)
  • Project inquiries index: 61.9
  • Design contracts index: 53.2

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