Latest RIBA survey shows early signs for optimism
RIBA’s Future Trends Survey for June reveals cautious optimism for the profession
Latest figures show only 21 per cent of practices were expecting a decrease in workload, compared to 26 per cent in May.
Significantly, there has been a sizeable increase in workload predictions, particularly within the private housing sector, with practices expecting workloads to increase growing from 11 per cent in May to 24 per cent in June. Neither commercial or public sectors were anticipating any increase.
Furthermore, staff retention was seen to be more positive, with 8 per cent of practices expecting staff levels to increase over the next three months, compared to just 3 per cent in May. The number of practices expecting staff numbers to be cut decreased from 23 per cent in May to just 16 per cent in June.
Adrian Dobson, director of practice at RIBA said: ‘For the first time, practices in our survey are now predicting that workloads will stabilise over the next quarter. This is the most optimistic workload forecast since the Survey was launched in January 2009, perhaps indicating the first sign of the market for architectural services bottoming out. For the first time since the Future Trends Survey began, workloads in the private housing sector were predicted to increase…possibly an early sign of an increase in the level of enquiries and project opportunities in this sector.’