The short version
- — Planning for education and healthcare projects increased in September.
- — This growth boosted the Dodge Momentum Index year-over-year.
- — Consider how these projects might create future work opportunities.
What happened
Planning for new construction projects in the education and healthcare sectors showed growth in September, as reported by Construction Dive. This expansion in project planning helped elevate the Dodge Momentum Index by 3.7% when compared to September of the prior year. This increase was observed even beyond the impact of data center construction activity.
Why it matters to your shop
When planning activity increases in specific sectors like education and healthcare, it often signals future opportunities for trade businesses. These types of projects can involve a wide range of specialized skills, from electrical and plumbing to carpentry and finishes. Owners should consider what types of work are common in these institutions, as well as the specific requirements they may have for scheduling, access, and regulatory compliance.
Anticipating a potential uptick in demand for these projects allows shops to strategically evaluate their current capabilities and capacity. This might involve assessing if your team has the necessary certifications or experience for institutional work, or if it's an area worth developing. Being aware of where planning is increasing helps you position your business to bid on jobs before the market becomes oversaturated, ensuring you are prepared when these projects move from planning to execution.
What a CAA member does about it
A Craftsmen Association of America member actively monitors industry trends to anticipate future project types and adjust their business strategy accordingly. This means clearly defining the scope of work for any potential educational or healthcare facility projects, ensuring all bids reflect honest pricing for the complexity and requirements involved. They maintain meticulous documentation for all work performed, which is critical for institutional clients, and consistently stand behind the quality of their work with integrity. Joining the CAA helps tradespeople uphold these professional standards and connect with peers who do the same.
This brief is prepared for CAA members to help you run a smarter, stronger trade business. Dates and figures reflect the information available at time of publication.