US architecture firms faced 17th consecutive month of business decline in June, scoring 46.4 on ABI, due to elevated interest rates, high construction costs, and weak property values.

US architecture firms experienced a 17th consecutive month of business decline in June, as reported by the American Institute of Architects (AIA) and Deltek, with a score of 46.4 on the Architecture Billings Index (ABI). Elevated interest rates, high construction costs, and weak property values are driving the decline. Despite the challenges, firms remain optimistic that conditions will improve once interest rates ease.