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Architecture Billing Index slows but remains healthy


The AIA Architecture Billing Index for July was 51.0, down from June’s score of 53.2, according to a new report from the American Institute of Architects. While July’s score was slightly lower than the June score, it still indicates stable business conditions for architecture firms, according to a release. Any score about 50 indicates an increase in billing from the prior month. “The billings for July are seeing the slowest growth since January, although it is still important to note that billings remain high in Iowa and across the Midwest,” Jessica Reinert, AIA Iowa’s executive director, said in a prepared statement. “The demand for services from Iowa Architects is surpassing pre-pandemic levels which means contractors and subs will continue to remain busy through mid-2023. Compared to earlier this year, we are seeing growth slow due to the forecasting being made about a slowing economy in 2023.” For more information about July billings, click here.

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