Alabama Construction News

JUL-SEP 2018

Alabama Construction News is the states only bimonthly magazine dedicated to the commercial construction industry.

Issue link:

Contents of this Issue


Page 17 of 67

James McNabb, Richard Green and Joey Calvin 16 AL CONSTRUCTION NEWS JUL–SEP 2018 INDUSTRY OUTLOOK & TRENDS FOR ALABAMA, PRESENTED BY ABC OF ALABAMA June Architecture Firm Billings Stay Positive ARCHITECTURE FIRM BILLINGS SLOWED in June but remained positive for the ninth consecutive month, according to a new report today from The American Institute of Architects (AIA). AIA's Architecture Billings Index (ABI) score for June was 51.3 compared to 52.8 in May; it remains positive since any score over 50 represents billings growth. As a result, June's ABI shows that demand for architecture firm services continues to improve across all sectors. "Architects continue to see increases in demand for their services this summer, with new project work coming in at a healthy pace," said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. "However, business conditions are beginning to vary across the country. While essentially remaining flat in the Northeast and Midwest, billings jumped in the South while dropping in the West." KEY JUNE ABI HIGHLIGHTS: Regional averages: West (46.9), Midwest (49.8), South (57.4), Northeast (50.2) Sector index breakdown: multi-family residential (54.6), institutional (51.6), commercial/industrial (53.4), mixed practice (49.3) Project inquiries index: 56.0 Design contracts index: 54.1 Regional and sector categories above are calculated as a three-month moving average, whereas the national index, design contracts, and inquiries are monthly numbers. We carry a full Line of upfitted vehicles ready for the workplace, with special pricing for ABC-Alabama Active Members. Ask for the Commercial Department Hendrick Chevrolet 1620 Montgomery Hwy. Hoover, Al, 35216 (1.5 Miles North of the Galleria) t. 205-823-5120 f. 205-823-9311 800-240-5100 H E N D R I C K C H EVR O LET The #1 GM Fleet/Commercial Dealer in Central Alabama E LITE Projections Reveal Nonresidential Construction Spending to Grow AIA RELEASES LATEST CONSENSUS CONSTRUCTION FORECAST. CONSTRUCTION SPENDING IS PROJECTED TO GROW THROUGH 2019, ACCORDING TO A new consensus forecast from The American Institute of Architects (AIA). Spending on nonresidential buildings nationally increased only modestly last year, barely outpacing inflation in building costs. Halfway through the seventh year of continuous growth Johnny Angell

Articles in this issue

Links on this page

Archives of this issue

view archives of Alabama Construction News - JUL-SEP 2018