New architectural projects in the West and Midwest are leading the way for the industry’s national billings thus far in 2018.
In its Architectural Billing Index for February, the American Institute of Architects is reporting that while the pace of growth in design activity has marginally slowed in recent weeks, the overall climate for the industry remains positive.
In particular, says a release from the AIA, “firms with residential or an institutional specialization continued to respond to extremely strong billings.”
With scores above 50 representing billing growth, the Institute’s index for February shows the regional average range for the West at 57.6 and the Midwest at 54.5, closely followed by the South at 54.4 and the Northeast at 47.5.
Following the leads in the multi-family residential and institutional sectors are projects in the commercial and industrial sectors.
The Architectural Billing Index is an economic indicator produced by the AIA’s Economics and Market Research Group.
The most recent Index also indicates that firm billings have been on the up side for 11 months out of the last year.
Architectural firms based in the West, according to the Index, have been reporting their strongest numbers in more than a decade.
By Garry Boulard
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