Billings at U.S. architecture firms exceeds $40 billion annually

In the three-year period leading up to the current recession, gross billings at U.S. architecture firms increased nearly $16 billion from 2005 and totaled $44.3 billion in 2008. This equates to 54 percent growth over the three-year period with annual growth of about 16 percent. These findings are from the American Institute of Architects Business of Architecture: AIA Survey Report on Firm Characteristics, which is conducted every three years to examine issues related to the business practices of AIA member-owned architecture firms. The study also revealed sizeable gains in the number of firms doing green design projects, as well as using Building Information Modeling software, according to an Oct. 13 AIA release.

Read full article