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PSMJ Resources Blog: Residential Construction Continues to Struggle

PSMJ Resources

Residential Construction Continues to Struggle. A sluggish economy, a soft job market, a large inventory of foreclosed homes, the threat of additional foreclosures, and difficulty in obtaining financing for both potential homebuyers and for builders continue to act as a drag on the housing market. Corporate Finance Associates blog. .

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AIA Architecture Billings Index hits all-time low

PSMJ Resources

This morning's news that the AIA's Architecture Billings Index hit its lowest level since the survey began in 1995 is a major blow to anyone's short-term visions of a quick turnaround. There's no way to sugarcoat it, folks, the architecture portion of the AEC industry is in deep trouble.

AIA 40
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2023 Design Trends Highlight Post-Pandemic Shifts and Affordability Struggles

Pro Builder

HOME DESIGN SHIFTS IN 2023 “Home buyers are looking more and more to their homes to provide a sense of well-being,” observed Donald Ruthroff, AIA, founding principal at Design Story Spaces LLC. They want their homes to support their day-to-day health—physically, emotionally, and mentally.”

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Modest Revenue Increases Continue Through Spring

PSMJ Resources

Firms with a residential specialization, as well as those with a commercial/industrial specialization, both reported increasing revenue for the seventh month in a row. The AIA’s quarterly measurements of firm backlogs reveal an average length of 4.6 By market sector: Residential is down 51.9 South is down 50.1 from 51.0,

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Architecture Firm Billings Rebound Modestly in August

PSMJ Resources

Conditions also continued to deteriorate at firms with a residential specialization, in spite of moderate growth reported by those firms earlier this year. Three-quarters of these stalled projects are delayed due to difficulties obtaining financing. American Institute of Architects (AIA). Corporate Finance Associates blog. .

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ABI Continues to Mirror the Economy, Outlook Bleak for 2009

PSMJ Resources

The AIA's Architecture Billings Index moved up a little in December, but continues to mirror the slumping economy. The inability to get financing for construction projects is a key reason that business conditions continue to be so poor at design firms," said AIA Chief Economist Kermit Baker. "It up from the 34.7 in November.

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Housing, Industrialized: Your Road Map to Off-Site Construction

Pro Builder

Christopher Fox, AIA, Van Metre’s VP of architecture and building science, advises builders to have a research and development budget built into the total cost analysis, “because a big part of industrialized construction is trial and error,” he says. The panelized and modular home producers we contacted for this article have big growth plans.

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