Architectural Billings Index slips up during April

Architectual billings dropped in April.

The American Institute of Architects released a report which showed that architecture billings declined during April.

In April, the Architecture Billings Index fell to 48.4, down from March's figure of 50.4. This was a dip into negative territory, as any figure below 50 notes a decline in billings. Before April, there had been five consecutive positive months.

"Considering the continued volatility in the overall economy, this decline in demand for design services isn’t terribly surprising," said Dr. Kermit Baker, chief economist for the AIA. "Also, favorable conditions during the winter months may have accelerated design billings, producing a pause in projects that have moved ahead faster than expected."

Both the Northeast and Midwest experienced mildly positive figures in April, as the two regions scored a 51 and 50.1, respectively, the report noted. The South experienced a 49, while the West was at 48. The multifamily residential industry experienced a reading of 50.5.

A decline in overall billings may signal that fewer commercial property companies have decided to develop new properties. However, with the rapid improvement in some sectors of the commercial industry, this may only be a slow period.

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