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

Billings at U.S. architecture firms grew at a slower rate in October, according to the American Institute of Architects.

Billings at architecture firms, tracked by the Work-on-the-Boards survey, measured 53.7 in October compared to 55.2 a month earlier. The inquiry index, which tracks a firm’s capacity to take on additional work, moved to 62.7.

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
                     2014   2014   2014   2014   2014   2014   2014   2014
===========================================================================
Billings Index       53.7   55.2   53.0   55.8   53.5   52.6   49.6   48.8
  Monthly change     -1.4    2.2   -2.8    2.3    0.9    3.0    0.8   -1.9
===========================================================================
                     Oct.  Sept.   Aug.   July   June    May  April  March
                     2014   2014   2014   2014   2014   2014   2014   2014
===========================================================================
Inquiry Index        62.7   64.8   62.6   66.0   66.4   63.2   59.1   57.9
  Monthly change     -2.1    2.2   -3.4   -0.4    3.2    4.1    1.2    1.1
Design Contracts     56.4   56.8   56.9   54.9   55.7   52.5   54.6   48.2
  Monthly change     -0.4   -0.1    2.1   -0.8    3.2   -2.1    6.4   -2.8
--------------------------------------------------------------------------
Northeast            47.0   49.8   54.4   55.4   54.4   48.4   46.0   45.5
Midwest              54.4   53.4   53.6   53.2   54.4   53.4   49.7   46.9
South                58.4   56.5   56.0   54.3   55.1   56.3   56.7   55.6
West                 56.1   54.2   54.4   52.4   50.7   48.7   47.7   50.0
--------------------------------------------------------------------------
Residential          54.7   55.1   56.9   56.4   58.5   56.4   55.9   52.7
Industrial           52.3   51.5   50.9   50.7   52.4   52.8   51.7   50.5
Institutional        54.4   54.4   54.6   53.6   51.4   49.1   47.2   48.3
Mixed                56.9   54.8   57.0   57.5   57.1   53.0   50.2   48.9
===========================================================================
NOTE: Regional and sector data is a 3-month rolling average; data is 
seasonally adjusted.

SOURCE: American Institute of Architects

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