July Architecture Billings Index (ABI) score was at its highest mark since 2007! According to the latest ABI released by the American Institute of Architects (AIA), the July ABI score was 55.8, up from 53.5 in June, marking 3 consecutive months of growth. Click here for the national and sector breakdowns.
An increase in demand for institutional projects has been the leading factor for the rise. Institutional projects can consist of Education, Childcare, Healthcare, Life Science and Government/Civil projects. Overall, new architectural projects as a whole have escalated throughout the months.