Institutional projects, and the end of winter, are driving a resurgent architecture industry.
According to a post by Henry Melcher, "the Architecture Billings Index [has climbed] to its highest score since 2007. In June, the ABI posted a 55.7, up significantly from 51.9 in May. The new projects inquiry index also had a great month, moving from 61.5 to 63.4."
"By sector, institutional was way ahead of the pack with a score of 59.1. It was followed by mixed practice (54.7), commercial/industrial (51.6), and multi-family residential (47.0). By region, it was Midwest with gold (57.2), South with silver, (54.9), West with bronze, (50.7), and Northeast (50.4) with whatever comes after bronze."
The positive news comes as a relief after a bad winter around much of the country hammered the industry earlier this year.
FULL STORY: INSTITUTIONAL PROJECTS LIFT THE ARCHITECTURE BILLINGS INDEX TO ITS HIGHEST SCORE SINCE 2007
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