U.S. Architecture Firms’ Billing Index Falls in Oct.

Billings at U.S. architecture firms increased at a slower pace in Oct., according to the American Institute of Architects.

The billings index, tracked by the Work-on-the-Boards survey, fell to 51.6 in Oct. from 54.3 a month earlier. The inquiry index, which tracks a firm’s capacity to take on additional work, rose to 61.5. A score above 50 indicates an increase in billings, while a reading below 50 indicates a negative outlook.

Commercial building construction typically follows the billings index by about six months. Following is a table compiled from the AIA Architecture Billings Index:

===========================================================================
                     Oct.  Sept.   Aug.   July   June    May  April  March
                     2013   2013   2013   2013   2013   2013   2013   2013
===========================================================================
Billings Index       51.6   54.3   53.8   52.7   51.6   52.9   48.6   51.9
  Monthly change     -2.7    0.5    1.1    1.1   -1.3    4.3   -3.3   -3.0
Inquiry Index        61.5   58.6   63.0   66.4   62.6   59.1   58.5   60.1
  Monthly change      2.8   -4.4   -3.4    3.9    3.5    0.6   -1.6   -4.7
===========================================================================
                     Oct.  Sept.   Aug.   July   June    May  April  March
                     2013   2013   2013   2013   2013   2013   2013   2013
===========================================================================
Northeast            49.7   50.1   53.0   53.2   56.3   52.7   52.3   52.0
Midwest              51.6   51.9   51.7   51.3   49.9   47.8   49.0   51.5
South                54.4   54.1   52.8   54.0   53.2   53.3   52.2   52.6
West                 55.9   55.9   58.2   52.8   52.0   51.0   51.7   51.5
-----------------------------------------------------------------------
Residential          57.0   55.2   54.6   52.7   53.5   53.2   52.6   55.2
Industrial           53.7   55.4   55.5   55.8   53.4   51.0   50.0   50.2
Institutional        50.2   50.2   50.7   50.5   51.6   51.4   51.3   50.7
Mixed                53.2   54.6   57.9   57.1   55.9   51.0   50.4   51.6
===========================================================================
NOTE: Regional and sector data is a 3-month rolling average; data is 
seasonally adjusted.

SOURCE: American Institute of Architects