News & Press: General News

Architects’ Path to Economic Stability and Growth

Thursday, September 19, 2024   (0 Comments)
Posted by: Stambaugh Ness

At SN, we closely monitor the economic trends impacting the architecture and engineering (AE) industry. Since 70-80% of our revenue is tied to this sector, our success is deeply linked to its performance. The industry’s economic indicators have been largely positive over the past 15 years, barring a brief pause during the pandemic. However, in the past 12-18 months, we’ve identified a shift that warrants closer examination. Talking about the AE industry as a unified whole may no longer be accurate. Emerging data suggests a growing divide between architecture and engineering firms, one that is driven by differences between vertical and horizontal construction projects and, more fundamentally, by the contrast between privately funded initiatives and public infrastructure work.

Read More: Architects' Path to Economic Stability and Growth | Stambaugh Ness


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