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Architect Industry Gaining Momentum

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    Kermit Baker of the American Institute of Architects on strength in the Architect industry.

  • Duration 3:38
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Henis and adding to the good news on housing in -- -- this upturn for architects Kermit Baker chief economist for the American.

To the architect joins us now current walk through some number -- -- did some surveys on business and things are looking better for a change.

Absolutely has been a really tough.

Road for residential architects during this downturn but we're starting see recovery we've seen two quarters of us.

Good strong growth in terms of Billings at architecture firms they're reporting that.

Things look to be trending up for the rest the -- so looks like we've got some momentum behind -- finally.

But are architects in their hiring is -- an indicator of new home construction were vindicated it.

I'm not sell I'm staying here in -- fix up what I have what percentage -- -- -- architecture business is for new home construction vs.

For fixing what I already own.

Well it's about 6040 new construction over renovations and a lot of it is in the our rental market and and that's been very strong recently but -- have finally we're seeing are really all three pieces moved together well we will -- Probably look at your us surveyed -- would just -- -- there again among that project's architect who do you sit home office.

Is what the number one category they say they're working on.

-- nevermind that that's the biggest red flag to raise for the IRS a home office.

Is that in part -- sign though that so many people are unemployed they're now planning on having their own the company's working out of their own homes.

Well I think it is reflection of a lot of things that are going on homes have not been getting bigger in recent years so.

Households have been looking very closely at how they use their space.

Home offices have continued be popular.

Part of it is because they're unemployed I think a lot there's a lot of telecommuting going on to.

Households working.

One day or two days away from home to save the commuting time.

And also working -- you know some nights and weekends to -- that's that's something that's that's a lot of popularity recently.

Now has always I think kitchen bathroom all it is the number one project I don't know why we're so obsessed with that so that business is booming but what is with this sudden downturn and home theater I thought that was the -- -- thing to happen.

Now I think where we we we we -- special function rooms and what while that was growing.

During the housing boom were seeing those special function rooms.

Begins -- in popularity as people are using more.

You know flexible space and multi purpose room so.

Home theaters haven't been doing well recently exercise rooms hobby rooms.

Workshops things like that have taken up.

A bit of a pause recently -- -- as as households are looking into use space for multiple purposes yeah I would say the.

I patted.

And the iPhone may have done more to get rid of those home theaters -- -- watch in.

And more and more stuff on the tiniest street so now what is with still bad -- -- in the northeast.

I'm sorry Dennis I -- I lost my -- to repeat our of the allows just what about the northeast why business is so bad can hear me now.

Yeah I can -- -- -- story about them.

Yeah yeah I think I think we're starting to see.

Activity return to traditional high growth markets enough south and west goes through the areas that were overbuilt during the boom.

They've seen some very weak conditions we saw more growth in the northeast and in the midwest.

During the downturn I think we're starting to see -- move back to the sun belt.

Northeast is taking a little pause I think probably.

We we may see a little pause in the midwest moving forward to as we move back are more traditional growth polls nice job Kermit Baker with the architecture.

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