Architectural billings increased for the third consecutive month, an indication that new construction could be on the rise in nine to 12 months. The American Institute of Architects (AIA) reported that its April Architectural Billings Index (ABI) rating increased 5.2% to 48.5, up from 46.1 in March. While the results means more firms saw billings decrease than increase, the rate of firms that saw decreases lessened in April. The monthly data is derived from questionnaires distributed to a panel of AIA member-owned firms. Participants are asked whether their billings increased, decreased, or stayed the same in the month that just ended. According to the proportion of respondents choosing each option, a score is generated, which represents an index value for each month. A score of 50 reflects a balanced flow of billing work, anything above indicates an increase. April’s reading was the highest since January 2008, when the architecture industry’s revenue peaked. The AIA new project inquiry index was 59.6, reflecting that more firms saw increased inquiries than decreased. “It appears that the design and construction industry may be nearing an actual recovery phase,” said AIA chief economist Kermit Baker. “The economic landscape is improving, although not across the board, but doing so at a gradual pace. It is quite possible that we will finally see positive business conditions in the foreseeable future.” The regional billings index was highest in the Northeast, where the index was 51, followed by the Midwest (49.2), South (46.5) and West (44.7). The index was the highest in the commercial/industrial sector, at 48.5, followed by mixed practice (48.4), institutional (46.8), and multi-family residential (45.8). Write to Austin Kilgore.
Increase in Architectural Billings Sets Stage for Increased Construction
Most Popular Articles
While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
-
Mortgage rate declines are raising the likelihood of a refi surge
Mar 19, 2026 -
Homebuilders Urged To Invest In Frontline Jobsite Workers Now
Mar 19, 2026 -
How hybrid operations are elevating builder performance
Apr 30, 2026 9:50 am -
HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance
Apr 30, 2026 -
After An Involuntary Pause, Orders Matter Again For LGI
Mar 20, 2026
Latest Articles
HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]