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    Home › Archives for December 2022

    Month: December 2022

    Meet Ned Reifenstein | Member Spotlight

    “The architectural culture in California is so forward-thinking. We’re grappling with net-zero, we have some of the best energy codes in the country, and I…

    Sydney December 21, 2022

    Last Night’s Member Appreciation Party

    Thanks to everyone that was able to make it to our Member Appreciation Party! Nearly 150 AIA East Bay members and friends came together to…

    Sydney December 16, 2022
    1 Comment

    ABI November 2022: Demand for design services continues to slow

    Architecture firm leaders remain optimistic about 2023. WASHINGTON – Dec. 14, 2022– Demand for design services from architecture firms continued to decrease in November, according…

    Sydney December 14, 2022
    © 2023 - AIA – East Bay Chapter

    Forum Description

    Architecture firm leaders remain optimistic about 2023.

    WASHINGTON – Dec. 14, 2022– Demand for design services from architecture firms continued to decrease in November, according to a new report from The American Institute of Architects (AIA).

    The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.6 from 47.7 (any score below 50 indicates a decline in firm billings). The pace of inquiries into new projects slowed, but remained positive with a score of 52.0, however new design contracts remained in negative territory with a score of 46.9.

    “Given the slowdown in new project work, many architecture firms will rely on their near record levels of backlogs to support revenue,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Still, firm leaders remain largely optimistic about future business trends. Almost two-thirds of architecture firms project that 2023 will be either a good year or great year for their firm.”

    Key ABI highlights for November include:

    • Regional averages: South (50.5); Midwest (47.6); West (45.8); Northeast (42.4)
    • Sector index breakdown: mixed practice (51.5); institutional (47.7); multi-family residential (46.1); commercial/industrial (44.2)

    The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts and inquiries are monthly numbers.

    Visit AIA’s website for more ABI information.

    CONTACT

    Matt Tinder
    (202) 626 7462
    [email protected]

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