Market Update





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March 2021

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in January 2021, especially in the Private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that January’s three month total (3MT) construction expenditures grew by 8.4% year on year (y/y), to $347.4 billion (B). On a 3MT basis, private expenditures advanced 9.5% y/y, State & Local advanced by 5.3% y/y, and Federal expenditures grew 4.1% y/y.
Architectural Billings Index: January 2021’s national overall ABI score of 44.9 was down 2.6 points from December’s 42.3, which is under the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported a decrease in design activity in January, coming on the heels of a significant downturn in December. Firms concentrating in the multifamily declined in January.

February 2021

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in December 2020, especially in the Private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that December’s three month total (3MT) construction expenditures grew by 9.6% year on year (y/y) to $369.7 billion. Private expenditures advanced 11.2% y/y, State & Local advanced by 5.0% and Federal expenditures grew 7.0% y/y.

January 2021

Architectural Billings Index: December 2020 ABI national overall score of 42.6 was down 3.7 points from November’s 46.3, which is under the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported a decrease in design activity in December, coming on the heels of a significant downturn in November. Firms concentrating in the multifamily declined in December.
Construction Put-in-Place (CPIP): Total U.S. construction spending continued to perform well in November 2020, especially in the Private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that November’s three month total, (3MT) construction expenditures grew by 8.0% year on year (y/y), to $383.6 billion (B).

December 2020

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in October 2020, especially in the Private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that October’s three month total (3MT) construction expenditures grew by 6.8% year on year (y/y), to $387.3 billion (B).
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