STATS

Annual Value of Construction Put in Place

August 2024/2025/2026 Annual Rate Comparison

This chart compares the two previous years’ total value of construction put in place to an annual forecast based on August 2026 figures. (Millions of dollars. Totals may not add up perfectly due to rounding.)

	2024	2025	2026
Total Private Construction	1,642,165	1,652,122	1,655,280
Residential	899,939	914,845	882,270
Nonresidential	742,225	737,277	773,010
Total Public Construction	489,772	517,346	547,849
Residential	11,490	12,415	12,327
Nonresidential	478,282	504,932	535,522
TOTAL Construction	2,131,936	2,169,468	2,203,129

$2,203,129

AUGUST 2026 TOTAL ANNUAL VALUE OF CONSTRUCTION PUT IN PLACE

AIA Architectural Billings Index (ABI)

National

Month	Billings	Inquiries
May-26	44.5	49.4
Jun-26	47.3	56.1
Jul-26	46.6	52.6
Aug-26	47.2	50.8

Regional

Month	Northeast	Midwest	South	West
May-26	46.2	45.3	49.6	45.4
Jun-26	44.9	45.1	49.5	45.6
Jul-26	44.8	46.7	48.7	47.8
Aug-26	40.7	50.7	46.1	49.8

*Sectors - Billings

Month	Multifamily Residential	Commercial /Industrial	Institutional	Mixed
May-26	49.2	45.5	46.9	44.1
Jun-26	45.6	46.7	47.4	42.7
Jul-26	48.4	46.7	47.4	43.2
Aug-26	47.8	50.4	47.0	42.5

“Architecture firms are caught between stubborn inflation and higher borrowing costs. The Federal Reserve’s latest rate increase may help ease inflationary pressures over time, but in the near term it adds another headwind for projects already facing a difficult financing environment.”

Richard Branch, AIA Chief Economist

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