Posts Tagged ‘ Kermit Baker ’

The Elephant in the Plant

Oct 28th, 2021

Well, dear readers, it’s almost November, and what a strange ride it’s been since we commenced this COVID-induced journey in March 2020. Journey/nightmare … whatever you want to call it—both words apply. Yes, sales are up—way up, but along with that comes supply chain nightmares, logistical challenges, and a non-existent labor pool, the likes of […]

AIA: Demand for Design Services Continues to Increase

Oct 22nd, 2021

A new report from the American Institute of Architects (AIA) indicates architecture firms continued to report increasing demand for design services in September. The Architecture Billings Index (ABI) score for September was 56.6, which is up from August’s score of 55.6. Any score above 50 indicates an increase in billings from the prior month. In […]

Construction Outlook: Regarding Labor, No Good News to be Found

Oct 18th, 2021

Annual predictions surrounding housing starts and remodeling activity always include a mix of good and bad news. Perhaps remodeling activity was strong, but housing starts were stagnant. Often, economists would point to the future, even a year or two out, and have some end in sight—a sign of hope. This year, when Kermit Baker, chief […]

After Subdued Summer, Home Building Shows Slight Rebound for Fall

Sep 27th, 2021

After a subdued period led by supply chain issues and inflated pricing for materials, numerous indicators for home building and builder confidence rebounded in recent weeks, filing in with architectural billings. The Architecture Billings Index (ABI) recorded its seventh consecutive positive month, according to the American Institute of Architects (AIA). The ABI score for August […]

Gauges for Builder Confidence and Architectural Billings Offset

Aug 26th, 2021

Two leading indicators for construction forecasting registered opposing measures last week—one pointing to a downturn in builder confidence, while the other indicates more construction projects could be on the way for multifamily. The National Association of Home Builders (NAHB) announced that builder confidence reached a 13-month low, according to the NAHB/Wells Fargo Housing Market Index […]

Harvard Research Confirms: Remodeling Spending Grew and Poised to Continue

Mar 29th, 2021

While the U.S. economy shrank by 3.5% in 2020, spending on home improvements and repairs grew more than 3%, to nearly $420 billion, as households modified living spaces in response to COVID-19. This is according to Improving America’s Housing 2021, a new report released last week by the Harvard Joint Center for Housing Studies. “From 2010 […]

Political Outcomes Not Expected to Sway Demands for Housing

Oct 29th, 2020

Door and window manufacturers were assured this week that the result of a presidential election should have minimal impact on demands stemming from housing. But that didn’t stop the Window and Door Manufacturers Association (WDMA) from delving into the election as part of the lineup for its virtual fall conference. The keynote session Wednesday focused […]

Architectural Billings Stabilizing but Remain Negative

Jul 23rd, 2020

The American Institute of Architects (AIA) released a report this week that notes the demand for design services from architecture firms began to stabilize in June, following their peak declines in April. The AIA’s Architecture Billings Index (ABI) score for June was 40.0 compared to 32.0 in May. The May ABI score indicates that a […]

Design-Demand-Plateau Continues, Architecture Billings Index Shows

Aug 23rd, 2019

Even though the industry is beginning to recognize through recent studies the importance of design to increase product sales, demand for design services seems to be lagging according to a new report released recently from The American Institute of Architects (AIA). The AIA’s July Architecture Billings Index (ABI) score remained essentially flat (50.1) in comparison […]

Six to 9 Percent Growth Predicted for Housing this Year

May 16th, 2016

Is construction gaining or waning? That was the question industry economists addressed recently in a spring economic forecast webinar hosted by CMD Group. In terms of the overall U.S. economy, American Institute of Architects (AIA) chief economist Kermit Baker­ said that despite a weak first quarter, gross domestic product gains are expected to be 1.5 […]

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