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Demand for Design Services Decreases Considerably – October 2022 ABI
WASHINGTON – November 16, 2022 – Demand for design services from architecture firms softened considerably in October, according to a new report from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for October was 47.7, the first decline in billings since January 2021 (any score below 50 indicates a decline in firm billings). Inquiries into new projects...
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