I'll make a prediction. The Architectural Billings Index drops every quarter through 2023 and Arch and Engineering firms start to have the first no bullshit layoffs since the 2008-09 recession.

Tracking pipeline in my studio and hearing from others inside and outside the company it's just a few bigger projects keeping people going. Lots and lots of "kicking the tires" from clients but with current construction costs and rising interest rates the pro formas aren't penciling out. I don't expect that to change and the easy money is gone. Even the municipal work from City/County/State flush with Covid bucks seems to be already accounted for. Not expecting to see many of those big tower cranes on skylines in the coming years.