The Hanley Wood Data Studio reports that architecture billings have remained positive for the sixth straight month as of this July.
However, according to the AIA's monthly Architecture Billings Index (ABI), growth remains sluggish. July's mark of 51.5 is off June's 52.6, which is a decrease from the 10-month high of 53.1 in May of this year.
"The uncertainty surrounding the presidential election is causing some funding decisions regarding larger construction projects to be delayed or put on hold for the time being,” AIA chief economist Kermit Baker, Hon. AIA, said in a press release. "It’s likely that these concerns will persist up until the election, and therefore we would expect higher levels of volatility in the design and construction sector in the months ahead."