Architecture firms struggle through April

For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

The April ABI fell nearly one point month over month (m/m) to 43.2, the lowest reading in 11 months (Figure 1). The Index has indicated declining business conditions for most of the past two and a half years following the post-pandemic surge, remaining in contraction for all but two months since October 2022.