ABI July 2021: Business conditions remain strong at architecture firms

Although the torrid pace of billings growth seen earlier this year eased in July, architecture firms are still reporting very strong business conditions overall. The ABI score of 54.6 for the month indicates that the majority of firms are continuing to see their billings increase. Inquiries into new projects and the value of new design contracts remain extremely high as well, with both still near their all-time historic high points from earlier this year. The rate of growth that firms are reporting now is more typical for a post-recession recovery phase, while the exceptionally high numbers seen earlier this year were more of an aberration due to the precipitous nature of the decline in 2020, and the commensurately strong rebound in early 2021.

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