Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in March 2022, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that March’s three month total (3MT) construction expenditures grew by 14.9% year on year (y/y) to $376.6 billion. On a 12MT basis, private expenditures advanced 16.4% y/y, state & local decreased by 0.7% y/y, and federal spend decreased 5.1% y/y.

Architectural Billings Index: March’s 2022 national Architectural Billings Index of 58.0 was up 6.7 points from February’s 51.3, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and institutional 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 2022, 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 10.0% year on year (y/y) to $384.3 billion. On a 12MT basis, private expenditures advanced 16.1% y/y, state & local decreased by 0.8% y/y, and federal spend decreased 6.5% y/y.

Architectural Billings Index: February’s 2022 national Architectural Billings Index of 51.3 was flat from January’s 51.0, 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 February.

­­­Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in January 2022, 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 9.4% year on year (y/y) to $384.3 billion. On a 12MT basis, private expenditures advanced 15.4% y/y, state & local decreased by 1.0% y/y, and federal spend decreased 7.1% y/y.

Architectural Billings Index: January’s 2022 national Architectural Billings Index of 51.0 was flat from December’s 51.0, 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 January.