Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in September 2022, 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 11.1% year on year (y/y) to $499.4 billion. On a 12MT basis, private expenditures advanced 14.9% y/y, state & local increased by 1.6% y/y, and federal spending increased 4.2% y/y.

Architectural Billings Index: September’s 2022 national Architectural Billings Index of 51.7 was down 1.6 points from August’s 53.3, 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 September.

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in August 2022, 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 11.1% year on year (y/y) to $494.0 billion. On a 12MT basis, private expenditures advanced 15.0% y/y, state & local increased by 0.5% y/y, and federal spending increased 4.6% y/y.

Architectural Billings Index: August’s 2022 national Architectural Billings Index of 53.3 was up 2.3 points from July’s 51.0, 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 August.

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in July 2022, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that July’s three month total (3MT) construction expenditures grew by 12.2% year on year (y/y) to $479.8 billion. On a 12MT basis, private expenditures advanced 15.3% y/y, state & local decreased by 0.1% y/y, and federal spending increased 3.8% y/y.

Architectural Billings Index: July’s 2022 national Architectural Billings Index of 51.0 was down 2.2 points from June’s 53.2, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and Commercial/Industrial all reported an increase in design activity in July.