{"id":1004146622,"date":"2016-06-23T05:20:31","date_gmt":"2016-06-23T13:20:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146622"},"modified":"2022-12-08T15:03:05","modified_gmt":"2022-12-08T23:03:05","slug":"economy-watch-aia-index-surges-upward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-aia-index-surges-upward\/","title":{"rendered":"Economy Watch: AIA Index Surges Upward"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/p>\n

Spurred by a still-active multifamily market and solid levels of demand for new commercial and retail properties, the American Institute of Architects’<\/a> latest Billings Index accelerated to its highest score in nearly a year in May. The index came in at 53.1, up sharply from 50.6 in April. This score reflects an increase in design services (any score above 50 indicates an increase in billings).<\/p>\n

Also, the new projects inquiry index was 60.1, up from a reading of 56.9 the previous month. Both indexes are leading economic indicators of construction activity, reflecting the roughly nine- to 12-month lead time between architecture billings and construction spending. An uptick in architectural work thus predicts one in construction (in early 2017, in this case).<\/p>\n

The indexes are derived from a monthly \u201cWork-on-the-Boards\u201d survey that’s sent 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, as compared to the prior month, and the results are then compiled.<\/p>\n

\u201cBusiness conditions at design firms have hovered around the break-even rate for the better part of this year,\u201d said AIA Chief Economist Kermit Baker. \u201cDemand levels are solid across the board for all project types at the moment. Of particular note, the recent surge in design activity for institutional projects could be a harbinger of a new round of growth in the broader construction industry in the months ahead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent surge in design activity for commercial and multifamily projects could mean a new round of construction growth in the months ahead. <\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004146622","post","type-post","status-publish","format-standard","hentry","category-national","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: AIA Index Surges Upward - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-aia-index-surges-upward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: AIA Index Surges Upward\" \/>\n<meta property=\"og:description\" content=\"The recent surge in design activity for commercial and multifamily projects could mean a new round of construction growth in the months ahead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-aia-index-surges-upward\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-23T13:20:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:03:05+00:00\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-aia-index-surges-upward\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-aia-index-surges-upward\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: AIA Index Surges Upward\",\"datePublished\":\"2016-06-23T13:20:31+00:00\",\"dateModified\":\"2022-12-08T23:03:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-aia-index-surges-upward\\\/\"},\"wordCount\":244,\"commentCount\":0,\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-aia-index-surges-upward\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-aia-index-surges-upward\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-aia-index-surges-upward\\\/\",\"name\":\"Economy Watch: AIA Index Surges Upward - 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