Dodge Momentum Index Slows The Dodge Momentum Index slipped 2.6% in February compared to the previous month, according to McGraw Hill Construction. The latest month's retreat is expected to be a brief pause in a broader upward trend, Dodge says. Weak employment growth in December and January raised concern that the U.S. economic expansion was losing momentum, dampening planning for commercial and institutional buildings. Moderate improvements in the February jobs report should alleviate some of that concern.Equipment Dealer Optimism Hits New High Construction optimism has reached a nearly two-decade high of 124 points, after bottoming out in 2009 with 42
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.