April Architecture Billings Index reports another month of decline \ stacker news ~Construction_and

TL:DR

In its April Architecture Billings Index (ABI), the AIA shared that billings have dropped “in 28 out of the past 31 months.” This last month was no exception: April reported a score of 43.2, a decrease from March’s 44.1—any number below 50 indicates a decrease in billings from the previous month.

In its April Architecture Billings Index (ABI), the AIA shared that billings have dropped “in 28 out of the past 31 months.”

This last month was no exception: April reported a score of 43.2, a decrease from March’s 44.1—any number below 50 indicates a decrease in billings from the previous month.

Regionally, all parts of the country are reporting drops in billings, with

the Northeast still the lowest at 40.2. The South remains the region with the lowest rate of decline, and highest score, reporting 46.2 for April, a drop from March’s 48.3.

Firms specializing in more than one typology seem to be faring the best in terms of declined billings, with a score of 47.6 for April.

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My Thoughts 💭

High rates are killing the architecture industry. 28 months of contraction.

71 sats \ 0 replies \ @kurszusz 8 Jun

You're right in your thoughts. BUT... High interest rates are also in someone's interest...there are those (government officials) who can make a lot of money with high interest rates...or when there is a sudden change in interest rates (very small, or vice versa)...this happens when people least expect it (not by accident)