Architectural billings in the U.S. reached its second highest level of the year in September, according to the American Institute of Architects.
The billings index, a leading indicator of future construction, reached 54.3 in September, increasing from 53.8 in August, reflecting an increase in design services. The index reflects the approximate nine- to 12-month lead time between architectural billings and construction spending.
"The prolonged economic downturn that has affected the design and construction industry has actually resulted in the increased productivity levels as reported by architecture firms," AIA chief economist Kermit Baker said in the report. "In addition to new approaches to business challenges, a very competitive marketplace, the utilization of new technologies, and a renewed focus on efficiency have architecture firms realizing all-time highs in workplace productivity."
The index for new projects was 58.6, down from 63.0 the previous month.
The West region recorded a 60.6 on the index, followed by the South (54.1), Midwest (51.0) and the Northeast (50.7). By sector, the leader was commercial/industrial (57.9), followed by multi-family residential (55.6), mixed practice (55.4) and institutional (50.4).