Architects report reduced demand, expected revenue loss and signs of future slowing of starts

Photo by Daniel McCullough on Unsplash

A new American Institute of Architects report indicates that the coronavirus pandemic has reduced the demand for construction design services, with 50% of architecture firms surveyed reporting fewer design projects than expected for March as of March 23 and 59% responding that they had fewer inquiries for new projects.

The demand for design services is considered a leading indicator of future construction activity.

Click here for the full article…