McGraw-Hill Construction has launched the new Dodge Momentum Index, which is designed to be an accurate indicator of future construction put-in-place data published by the U.S. Dept. of Commerce. In designing the new index, MHC looked at over a decade of monthly data and discovered that Dodge's planning figures can predict non-residential building put-in-place 12 month ahead with a 91% accuracy rate. Since last July, the index has trended up in all but two months.
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.