Construction Planning Bounces Back
Post date
March 31, 2023
Body
Joe Bousquin, Construction Dive
After posting a steep decline to begin 2023, the Dodge Momentum Index rebounded 1.9% in February, providing further evidence that an economic soft landing could be in the cards for construction.
The upbeat numbers were in stark contrast to January’s 9% decline in the DMI, which was then followed by a 27% plunge in actual starts.
Meanwhile, other economists have been pushing the possibility of recession further out. Ken Simonson, chief economist at the Associated General Contractors of America said this week he doesn’t anticipate a downturn in 2023.