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Architecture Billings April Drop Shows Tough Design Environment

May 26, 2023

Via: ENR

The American Institute of Architects/Deltek Architecture Billings Index score decreased from 50.4 in March to 48.5 in April, with any score below 50 indicating a decrease in billings in the on-the-boards survey of more than 100 AIA member firms. The index was negative in late 2022 and at 49.3 in January before reaching back into positive territory in March.

Design firms reported that inquiries into new projects accelerated slightly in April, even as most firms continued to report a decline in the value of their new design contracts. AIA said costs are also increasing while firms are finding the value of their own contracts go down.

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