Architectural Billing Index Improving

The most recent Architectural Billing Index report shows rising inquiries (for proposed projects) and work on hand (billings) at architectural firms. Since design work precedes construction, the Index is a predictor of future construction activity.

The lag between architectural billings and construction activity is reflected in the AIA Consensus Construction Forecast. It sees a 2 percent construction spending decline in 2011, followed by a 5 percent gain in 2012. 

While these are encouraging trends, an AIA survey of its members reflects continuing uncertainty about the economy. Nearly two-thirds (62 percent) thought that a growing number of architects will look for career opportunities outside of the architectural profession in 2011. If you are looking for employees, consider hiring an architect.