Design activity hits the brakes in April
from The American Institute of Architects
After eight straight monthly gains in design activity, revenue at architecture firms fell in April. The ABI’s seasonally adjusted reading for the month was 48.6, falling from 51.9 in March and 54.9 in February. Housing starts nationally—particularly for multifamily units—also dropped sharply in April, suggesting that the construction sector remains choppy. Spring slowdowns have been common during this uneven recovery, but the momentum of the fourth quarter of last year and the first quarter of this year pointed toward growing design activity moving through the entire year. Inquiries for new projects continued to grow at a healthy pace in April, as did the volume of new design contracts, so the expectation is for a resumption of revenue growth in the coming months.
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