Sign InExpansion Index
What is the Expansion Index?
The ConstructConnect Expansion Index is calculated by comparing the total dollar value of construction projects in planning for the current month to the value of projects in planning for that same calendar month in the prior year.
The Expansion Index measures the dollar volume of projects in ConstructConnect's extensive database for states and metropolitan statistical areas (MSAs) across the United States and Provinces/Territories and census metropolitan areas (CMAs) in Canada. This reflects all stages of preparation prior to construction field-work at the beginning of any given month this year versus what was calculated at the same time last year. The types of structures included in these calculations are multi-family residential, nonresidential building, and civil/heavy engineering.
An index value less than 1.0 indicates a market potential that is flat or declining, while an index value above 1.0 speaks of market potential that is increasing. An Index value of 2.0 or more indicates the market potential is significantly greater than a year ago.
Definitions
Expansion
Significant growth in the volume of construction planning dollars compared to the same month prior year.
Growth
Growth in the volume of construction planning dollars compared to the same month prior year.
Steady
Little or no change in the volume of construction planning dollars compared to the same month prior year.
Decline
Decline in the volume of construction planning dollars compared to the same month prior year
Contraction
Significant decline in the volume of construction planning dollars compared to the same month prior year
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