The American Institute of Architects’ latest survey reports that building design revenue topped to nearly $28 billion in 2015. According to the Institute, this surge has brought U.S. firms back to a near-complete recovery from the Great Recession, and is now allowing its leaders to reinvest profits back into their businesses.
According to the new report, the last time we saw numbers close to this were in 2008, when net billings at architecture firms were $28.5 billion at the peak of the market. The architecture market has now almost completely recovered from the financial crash, with net billings of $28.4 billion in 2015. The residential design sector has seen an especially large increase, topping $7 billion, which is an increase of more than 30 percent since its 2013 report.