Market Update





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January 2022

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in November 2021, 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 10.7% year on year (y/y) to $426.5 billion. On a 12MT basis, private expenditures advanced 15.1% y/y, state & local decreased by 0.1% y/y, and federal spend decreased 7.3% y/y.

December 2021

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in October 2021, 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 11.6% year on year (y/y) to $434.0 billion.
Architectural Billings Index: October 2021’s national Architectural Billings Index of 54.3 was down 2.3 points from September’s 56.6, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and commercial / industrial facilities all reported an increase in design activity in October.

November 2021

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in September 2021, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that September’s three month total (3MT) construction expenditures grew by 12.1% year on year (y/y) to $431.5 billion. On a 12MT basis, private expenditures advanced 14.3% y/y, state & local increased by 0.8% y/y, and federal spending decreased 7.8% y/y.

October 2021

Architectural Billings Index: September 2021’s national Architectural Billings Index of 56.6 was up 1.0 point from August’s 55.6, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and commercial / industrial facilities all reported an increase in design activity in September.
­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in August 2021, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that August’s three month total (3MT) construction expenditures grew by 12.5% year on year (y/y) to $425.8 billion. On a 3MT basis, private expenditures advanced 19.4% y/y, state & local declined by 2.0% y/y, and federal spend decreased 16.1% y/y.
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