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.

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.

Architectural Billings Index: January’s 2024 national Architectural Billings Index of 46.2 was up 0.8 points from December’s 45.4, 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 January.

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in December 2023, 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 13.5% year on year (y/y) to 331.0 billion. On a 12MT basis, private expenditures increased by 1.2% y/y.

Architectural Billings Index: December’s 2023 national Architectural Billings Index of 45.4 was up 0.1 points from November’s 45.3, 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 December.