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

Billings at U.S. architecture firms fell in June, according to the American Institute of Architects.

Billings at architecture firms, tracked by the Work-on-the-Boards survey, fell to 51.6 in June from 52.9 a month earlier. The inquiry index, which tracks a firm’s capacity to take on additional work, rose to 62.6. 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:

===========================================================================
                     June    May  April  March   Feb.   Jan.   Dec.   Nov.
                     2013   2013   2013   2013   2013   2013   2012   2012
===========================================================================
Billings Index       51.6   52.9   48.6   51.9   54.9   54.2   51.2   52.3
  Monthly change     -1.3    4.3   -3.3   -3.0    0.7    3.0   -1.1    0.3
Inquiry Index        62.6   59.1   58.5   60.1   64.8   63.2   57.9   58.3
  Monthly change      3.5    0.6   -1.6   -4.7    1.6    5.3   -0.4   -0.4
===========================================================================
                     June    May  April  March   Feb.   Jan.   Dec.   Nov.
                     2013   2013   2013   2013   2013   2013   2012   2012
===========================================================================
Northeast            55.6   52.7   52.3   52.0   54.3   53.4   52.7   52.1
Midwest              48.3   47.8   49.0   51.5   53.8   54.8   54.1   53.9
South                54.8   53.3   52.2   52.6   53.4   52.0   51.2   50.7
West                 51.2   51.0   51.7   51.5   53.4   53.3   52.2   50.2
-----------------------------------------------------------------------
Residential          54.0   53.2   52.6   55.2   58.0   56.9   53.8   52.8
Industrial           54.7   51.0   50.0   50.2   53.8   52.1   52.6   50.5
Institutional        51.8   51.4   51.3   50.7   50.3   50.7   50.1   50.4
Mixed                52.4   51.0   50.4   51.6   54.3   55.7   53.7   53.2
===========================================================================
NOTE: Regional and sector data is a 3-month rolling average; data is 
seasonally adjusted.

SOURCE: American Institute of Architects

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