Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in May 2024, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that May’s three month total (3MT) construction expenditures grew by 14.6% year on year (y/y) to 445.4 billion. On a 12MT basis, private expenditures increased by 3.7% y/y.

Architectural Billings Index: May’s 2024 national Architectural Billings Index of 42.4 was down 5.9 points from April’s 48.3, which is below the expansionary zone, (>50). U.S. architecture firms specializing in Multifamily Residential, Institutional and Commercial/Industrial all reported a decrease in design activity in May.

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in April 2024, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that April’s three month total (3MT) construction expenditures grew by 9.2% year on year (y/y) to 316.6 billion. On a 12MT basis, private expenditures increased by 5.2% y/y.

Architectural Billings Index: April’s 2024 national Architectural Billings Index of 48.3 was up 4.7 points from March’s 43.6, which is below the expansionary zone, (>50). U.S. architecture firms specializing in Multifamily Residential, Institutional and Commercial/Industrial all reported a decrease in design activity in April.

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in March 2024, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that March’s three month total (3MT) construction expenditures grew by 9.6% year on year (y/y) to 299.8 billion. On a 12MT basis, private expenditures increased by 4.2% y/y.

Architectural Billings Index: March’s 2024 national Architectural Billings Index of 43.6 was down 5.9 points from February’s 49.5, which is below the expansionary zone, (>50). U.S. architecture firms specializing in Multifamily Residential, Institutional and Commercial/Industrial all reported a decrease in design activity in March.