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Firm Billings Down in June, Reports AIA

After six months of almost continual gains, architectural billings in June, while still up, showed signs of slowing, according to the AIA’s July "Work On The Boards" survey. While almost 23 percent of firms reported increased billings compared to May levels, 14 percent of firms reported a decline. In June, close to 30 percent of firms reported increased May billings, while 10.6 percent reported a decline. “I always say one month doesn’t make a trend,” says Diego Saltes, director of market research at the AIA, who does warn that raising interest rates could affect the figures in the future.

Sam Lubell