­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in December 2022, 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 8.0% year on year (y/y) to $441.4 billion. On a 12MT basis, private expenditures advanced 12.9% y/y, state & local increased by 4.9% y/y, and federal spending increased 9.5% y/y.

Architectural Billings Index: December’s 2022 national Architectural Billings Index of 47.5 was up 0.9 points from November’s 46.6, 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.

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in November 2022, 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 8.8% year on year (y/y) to $468.9 billion. On a 12MT basis, private expenditures advanced 13.3% y/y, state & local increased by 4.0% y/y, and federal spending increased 8.2% y/y.

Architectural Billings Index: November’s 2022 national Architectural Billings Index of 46.6 was down 1.1 points from October’s 47.7, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and Commercial/Industrial all reported a decrease in design activity in November.

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in October 2022, 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 9.1% year on year (y/y) to $485.9 billion. On a 12MT basis, private expenditures advanced 13.9% y/y, state & local increased by 3.0% y/y, and federal spending increased 6.1% y/y.

Architectural Billings Index: October’s 2022 national Architectural Billings Index of 47.7 was down 4.0 points from September’s 51.7, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and Commercial/Industrial all reported a decrease in design activity in October.