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Market Update
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January 2021
Architectural Billings Index: December 2020 ABI national overall score of 42.6 was down 3.7 points from November’s 46.3, 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 December, coming on the heels of a significant downturn in November. Firms concentrating in the multifamily declined in December.
Construction Put-in-Place (CPIP): Total U.S. construction spending continued to perform well in November 2020, 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 8.0% year on year (y/y), to $383.6 billion (B).
December 2020
Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in October 2020, 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 6.8% year on year (y/y), to $387.3 billion (B).
November 2020
Architectural Billings Index: October 2020 ABI national overall score of 47.5 was up 0.5 from September’s 47.0, which is slightly under the expansionary zone, (>50). Firms concentrating in multi-family residential saw index and momentum gains in October.
Total U.S. construction spending continued to perform well in September 2020, 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 6.2% year over year (y/y), to $385.0 billion (B).
October 2020
Architectural Billings Index: September ABI national overall score of 47.0 was up 7.0 from August’s 40.0, which is under the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported an increase design activity in September, coming on the heels of a significant upturn in July. Firms concentrating in the multifamily either residential or institutional sector reported gains in September.