Markets & Economy

Demand for architects recovers along with housing market

AIA survey: Larger homes gaining ground again

Apparently feeding on a stream of new buyers, architects are reporting that business is better than it's been in eight years, with demand for their services in designing move-up homes, custom or luxury homes, and starter homes sharply increasing in the first quarter of 2013, the American Institute of Architects' first-quarter 2013 Home Design Trends Survey suggests. The trade group's Home Design Survey Index for last quarter registered a score of 67 out of 100 for billings and 75 out of 100 for inquiries for new projects. Any score above 50 reflects positive business conditions, AIA said. “With business conditions at residential architecture firms at the strongest growth level since 2005, this is a very encouraging sign for the housing sector and broader economy in general, especially when you look at the year-over-year improvement in the marketplace," said AIA Chief Economist Kermit Baker. An index that captures demand for specific types of homes found that demand for a...