Economic Update: Q3 2024 ABI Insights
Included in subscription
Description
Join AIA Chief Economist Kermit Baker, Hon. AIA, and AIA President Kimberly Dowdell, AIA, NOMAC, for our quarterly conversation about the AIA/Deltek Architecture Billings Index (ABI). The ABI is a leading monthly economic indicator that uses proprietary AIA data to predict nonresidential construction activity 9–12 months ahead. Get ahead of emerging challenges and opportunities and inform your strategic planning with key insights into the industry’s latest economic data and trends.
This free live course is brought to you through a partnership with Oldcastle BuildingEnvelope. By registering for this course, you grant AIA permission to share your name and email address with Oldcastle BuildingEnvelope.
Course expires: 10/25/2024
Learning Objectives
Develop a better understanding of forces shaping our economy.
Describe the latest economic conditions and what they mean for architectural practice.
Discuss what the ABI can tell architecture firms about business conditions over the coming year and make decisions.
Examine strategic issues impacting the architectural and construction industry.
Kermit Baker, PhD, Hon. AIA is a Senior Research Fellow at Harvard University's Joint Center for Housing Studies, and is the Project Director of the Remodeling Futures Program. This research effort, which began in 1995, is the first comprehensive analysis of U.S. remodeling activity ever undertaken by the Joint Center. Its goal is to develop an improved understanding of the dynamics of the U.S. repair and renovation industry so that businesses can better take advantage of the opportunities that this market offers. Baker is also the Chief Economist for the American Institute of Architects in Washington, D.C. In this capacity he analyzes business and construction trends for the U.S. economy, and examines their impact on AIA members and the architectural profession.
Prior to joining the Joint Center, Baker was vice-president and director of the economics department at Reed Business Information where he was responsible for industry forecasting. During his ten years at Reed he developed the Top U.S. Construction Market Report, and served as editor of the Reed Business Information's Construction Market Forecast newsletter.
Baker received his master's degree in urban planning from Harvard University, and holds a Ph.D. from Massachusetts Institute of Technology in the same field.
Kimberly Dowdell is a licensed architect and urban thought leader who is focused on building resilient, healthy, and sustainable cities. A native of Detroit, Kimberly’s passion for design as a catalyst for urban revitalization was inspired by childhood experiences in her hometown. She went on to live in Ithaca, Rome, Washington, New York, and Boston prior to returning to Detroit in 2015, where she worked on neighborhood-scale reinvestment efforts until her relocation to Chicago in 2019. Kimberly’s professional mission is to improve the quality of life for people living in cities. She believes in building diverse, cross-sector teams to solve our society’s most complicated challenges with a lens towards justice and equity. She is the 2019-2020 National President of NOMA and a Principal in the Chicago studio of HOK, a global architecture and planning firm.