ConstructConnect’s Expansion Index ties to the inventory of all the projects the company has in its data base that are in the planning stage, ahead of ‘starts’ or when ground is broken.
The index, which can also be referred to as a ratio, fluctuates around the number 1.0. For any geographic designation (national, state, province or city), the index value is the dollar volume of planned projects in any given month compared with and divided by the dollar volume of planned projects for the same month of the year previously.
By the way, ConstructConnect also calculates Expansion Index numbers for various types of structure, but that’s a story for another day.
Below are five graphs showing the histories of the Expansion Index, back to January 2020, for ‘total U.S.’ and the nation’s four most populous states – California Texas, New York and Florida.
