ACEC Monthly Economic Update – June 2022

Washington, DC – Recently, the American Council of Engineering Companies (ACEC) released a new monthly video economic update. Each month, ACEC Vice President of Private Market Resources Erin McLaughlin analyzes the latest industry data and provides insights for the engineering and design industry.Here are the toplines from this month’s update:

• Housing prices are increasing despite rising interest rates. Prices are up 20.6% year-over-year according to the S&P CoreLogic Case-Shiller Home Price Index, the most significant year-over year-increase since tracking began in 1987.
• Total design and construction spending was up more than 12% this April, compared to the same time last year. The category remains driven by private residential spending (+18.4%), along with private non-residential (+10.1%). Source: U.S. Census Bureau
• The hottest markets for the first four months of the year are up compared to same time period last year, which also saw growth. The top five markets are manufacturing (+34%), commercial (+20.5%), residential (+18.8%), conservation and development (+17.5%), sewage and waste disposal (+11.1%). Source: U.S. Census Bureau
• The coolest markets for the first four months of the year are down compared to same time period last year. The five coolest markets are public safety (-27.1%), lodging (-25.8%), religious (-10.6%), educational (-2.6%), transportation — as defined by the Census Bureau which does not include highway and streets — (-0.7%).  Source: U.S. Census Bureau
  

The video series is one of ACEC’s resources for media and members, which also includes ACEC’s popular Private Industry Briefs. The briefs provide analysis on five key markets: Commercial and Real Estate; Intermodal and Logistics; Energy and Utilities; Health Care and Science+Technology; and K-12 & Higher Education.