To be successful in 2019 and beyond, architecture and engineering firms need real data that provides vital clarity and visibility on where market conditions are going and where firm needs to be to capitalize on the opportunities that lie ahead.
When market trends change (either positively or negatively), this is observed first as a change in the number of available proposal opportunities. These changes in proposal opportunities later become changes in backlog, revenues and cash flow. PSMJ’s Quarterly Market Forecast report tracks these indicators and present them in a quarterly update.
The data in this latest report was collected from A/E firm leaders asking their position, opinion, and outlook as of Q2, 2019 It also provides new data illustrating the current top five “hot” markets in terms of the highest Net Plus/Minus Index (NPMI) values on proposal activity. Increasing proposal activity generally indicates a good growth market, and thus the greatest opportunity for firms looking to grow.
Based on the data collected for this report, the “hot” market segments represent the areas that have the highest portion of firms indicating that proposal activity is increasing. More specifically, we have drilled into what specific submarkets appear to be showing the strongest proposal activity. For the 2019 Q2 report, the five “hottest” market segments are:
Of course, many other markets are also reporting positive growth of proposals. For more detailed information, download a copy of PSMJ's Quarterly Market Forecast.
For more in-depth insight to the most recent Quarterly Market Forecast results, check out this PSMJ podcast:
What: 2019 is Going Strong. How Positive are you about the A/E Optimism?
When: Wed, Aug 14, 2019 2:30 PM - 3:00 PM EDT
U.S. and Canadian GDP has been growing steadily since The Great Recession. And 2019 continues the trend as the economy is going strong. Since 2003, PSMJ has asked A/E firm leaders every three months about their outlook for over 50 A/E markets and submarkets. Join your colleagues and PSMJ’s Dave Burstein for this 30-minute live podcast and learn:
• More about what PSMJ’s most recent Quarterly Market Forecast tells us about proposal activity and backlog trends in various sectors and geographic regions in North America.
• Why business in the A/E sector is brisk and why it will continue (at least for a while).
• Why the housing market is the best early indicator of what will happen in most other A/E market sectors.
• How to be part of the PSMJ’s Quarterly Market Forecast.