Market Update





View Block

May 2024

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.

April 2024

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in February 2024, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that February’s three month total (3MT) construction expenditures grew by 12.3% year on year (y/y) to 296.4 billion. On a 12MT basis, private expenditures increased by 3.4% y/y.

March 2024

Architectural Billings Index: February’s 2024 national Architectural Billings Index of 49.5 was up 3.3 points from January’s 46.2, which is below the expansionary zone, (>50). U.S. architecture firms specializing in Multifamily Residential and Commercial/Industrial all reported a decrease in design activity in February.
Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in January 2024, 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 13.4% year on year (y/y) to 311.8 billion. On a 12MT basis, private expenditures increased by 2.5% y/y.
a

Subscribe

To subscribe to the Market Update emails, please fill the form below.