Dodge Construction Momentum Index for March 2014 The Dodge Momentum Index retreated 0.8% in March compared to February, according to McGraw Hill Construction. The index is a monthly measure of the initial reports for non-residential building projects entering the planning stage, a lead indicator of construction spending within the next year. The March index was 113.8, down from a revised 114.8 in February and 118.3 in January. New plans for commercial buildings fell 1%, as declines in offices and hotels offset an increase in retail buildings, Dodge says.Construction Employment Still Heading in a Positive Direction Construction's unemployment numbers continue to
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.