Architecture billings contract in August, but project pipeline hints growth

Billings at U.S. architecture firms fell in August, according to a monthly report from the American Institute of Architects released Wednesday.  The AIA isn’t concerned, however. New projects inquiries scored 61.8 on the index in August, an increase from 57.5 in July, and design contracts came in at 52.7 in August, up from 51.8 in July — indicating a forthcoming need for design services, which result in billings and lead to construction spending.

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