The drop represents the second consecutive month of contraction, according to Dodge data.
Martin attributed much of the decline on the institutional side to lower levels of education planning, which includes labs and life science facilities.
For example, between February 2023 and February 2024, life science and research and development lab projects accounted for roughly 34% of education planning value, with that share reaching about 59% in some months. In March, however, that share dropped to just 7%, according to Dodge.
