Since nationwide data continues to use apartment buildings, there is no error-we are in a break-in.
While the Salt Lake Market continues to be nationwide for new apartments that were granted last year, for the terms and conditions of the architectural indicators for the development activity to continuously continuously continued.
Let's take a look at some national figures for apartment activities and the latest survey among architects of your national organization, the American Institute of Architects (AIA).
The architects' billing continues
Every month, the AIA/Deltek survey asks architecture companies whether they have invited less or more than in the previous month, with 50 even. The Billing Index, which measures the important metric of the income for nationwide companies, continued its downward trend for August.
Not only are the billing with a score of 47.2 that have designed inquiries about slight increases in the past three months.
In addition, there is also the value of new contracts. As the AIA/DELTEK survey determines, “the value of new draft contracts in the 18th in a row, the longest decrease of decline since this data was collected 15 years ago.”
As a local architect recently put us: “I don't understand how Billings can continue to sink for so long, but …
The AIA report summarizes its impressions as follows: “This year, soft inquiries about new projects and a constant value of the value of newly signed design contracts were generally led because customers are still careful to oblige new projects.”
How is we regional?
The business for architects has dropped nationwide, whereby the South region has achieved the best performance – essentially flat conditions for the fourth month in a row, reported AIA architects.
To the west, companies said that their billings had dropped again this month because they have “reported their weakest conditions for almost two years,” the report said.
In fact, western design outfits are currently reporting dark terms and conditions that are worst in the nation, according to AIA/DELTEK survey.
However, the numbers show some persistent muscles in Salt Lake – Ogden – Brigham City Market Area, according to RealPage data.
The northern Wasatch front is not a slouch.
From sector: what is hot and not?
Nothing is hot at the moment. The commercial/industrial development, which reflects strong retail and storage numbers in many markets, “reported little growth in August for the first time in three years,” the report said.
The demand from the apartment architecture design has also sent enough fish down the river in the past few months to count an increase while he flattened in August.
Architectural companies that specialize in the institutional sub -market are currently at sea and, as the report expresses, “their lowest levels since 2020. Uncertainty with state budgets in recent months has continued to have uncertainties for many institutional institutions.”
E -mail Luke Garrott