Demand for Design Services Predicted to Decrease
The architectural billings index rose 2.5 points to 49.4 last month. According to the American Institute of Architects, any reading below 50 indicates an overall decrease in demand for design services in the next 9 to 12 months. The AIA reported that while the 2.5 point increase was encouraging, they expect demand for design services to remain volatile in the coming months.