Boom time USA as workloads soar
US architecture workloads have grown at their fastest rate in five years
The American Institute of Architects’ Architecture Billings Index hit 53.2 in November 2012.
This was the fourth consecutive month of increasing workloads for designers across the Atlantic, and the highest single reading since late 2007.
It means the US architecture sector is growing at pre-recession levels after a sustained period of intense difficulty.
However, the recovery charge is stronger in the East of the country than to the West.
The Northeast region registered growth of 56.3, followed by the Midwest at 54.4, and the South with 51.1.
The West recorded a minor fall in billings at 49.6, where 50 represents the same level as the previous month.
Housing remains the place to be for US-based architects, with the residential sector hitting 55.9 on the index in November.
The commercial and industrial sector posted 52.0 and the institutional segment 50.5.
Despite the growth in workloads at the end of 2012, another tough year is expected for US practices in 2013.
An average revenue increase of 3 per cent was predicted for this year.
AIA chief economist Kermit Baker said: ‘Like the last several years before it, 2012 turned out to be financially challenging for many architecture firms.
‘Average revenue growth is estimated at 2.9 per cent for the year. This coming year is expected to be only modestly better.’