US architecture work continues to increase
US architecture workloads have grown at their fastest monthly pace for almost two years, according to a respected survey
The American Institute of Architects’ Architecture Billings Index hit 52.8 in October, its highest reading since December 2010.
All four regions posted scores above the critical 50 mark, representing growth from the previous month.
This was also the third consecutive month of increasing workloads, and may finally give some impetus to the fragile recovery in the sector.
AIA chief economist, Kermit Baker said: ‘With three straight monthly gains – and the past two being quite strong – it’s beginning to look like demand for design services has turned the corner.
‘With 2012 winding down on an upnote, and with the national elections finally behind us, there is a general sense of optimism.
‘However, this is balanced by a tremendous amount of anxiety and uncertainty in the marketplace, which likely means that we’ll have a few more bumps before we enter a full-blown expansion.’
The South led the way in October with a reading of 52.8, closely followed by the Northeast with 52.6.
The West also saw strong growth with 51.8 and the Midwest posted 50.8.
The housing market continued to drive the industry forward, with the multi-family residential sector posting a whopping 59.6.
Only the commercial and industrial sector saw declining design workloads, with an index reading of 48.0.
Further hope for a strengthening recovery was given with the new projects inquiry index soaring to 59.4.
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