Architectural Billings Index: March 2021’s National Architectural Billings Index of 55.6 was up 2.3 points from February’s 53.3, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential, institutional, and commercial / industrial facilities all reported an increase in design activity in March.

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in February 2021, 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 6.3% year on year (y/y) to $329.8 billion. Breaking that down, private expenditures advanced 7.6% y/y, state & local advanced by 2.5% y/y, and federal expenditures advanced by 2.1% y/y.

Architectural Billings Index: February 2021’s Architectural Billings Index of 53.3 was up 8.4 points from January’s 44.9, which is within the expansionary zone, (+50). U.S. architecture firms specializing in commercial/industrial facilities likewise reported an increase in design activity in February, coming on the heels of a downturn last month. Firms concentrating in the multifamily residential and institutional sectors declined in February.

­­­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.

­­­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.