STATS

Annual Value of Construction Put in Place

July 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 July 2026 figures. (Millions of dollars. Totals may not add up perfectly due to rounding.)

	2024	2025	2026
Total Private Construction	1,678,713	1,623,269	1,614,171
Residential	941,559	886,533	859,002
Nonresidential	737,154	736,736	755,169
Total Public Construction	483,971	515,842	543,410
Residential	11,338	12,153	12,203
Nonresidential	472,632	503,609	531,206
TOTAL Construction	2,162,683	2,139,110	2,157,581

$2,157,581

JULY 2026 TOTAL ANNUAL VALUE OF CONSTRUCTION PUT IN PLACE

AIA Architectural Billings Index (ABI)

National

Month	Billings	Inquiries
Apr-26	48.3	57.7
May-26	44.5	49.4
Jun-26	47.3	56.1
Jul-26	46.6	52.6

Regional

Month	Northeast	Midwest	South	West
Apr-26	47.2	48.0	47.7	49.0
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

*Sectors - Billings

Month	Multifamily Residential	Commercial /Industrial	Institutional	Mixed
Apr-26	51.5	48.9	51.1	42.5
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

“Macroeconomic uncertainty continues to weigh on the built environment. High oil prices are putting upward pressure on inflation and may lead to even higher rates in the back half of the year. This will put additional pressure on developers and may lead to a further weakening in billings.”

Richard Branch, AIA Chief Economist

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