background initial craft labor study conducted spring summer 2003 current projections for the period 2008 5 years total indy constructiongain 2 47b 34 6 non residential bldgs gain 1 14b 33 shortage projected to reach 450 by fall 2006 will be a critical model suggests spot shortages going into major ramp up in 2007 and validity 2005 update objectives demand forecast construction pip revise forecasts dollar basis skilled supply estimates assess magnitude timing of gaps between design extensive review side variables primary & secondary research 3 year history 2002 2009 quarterly breakouts 4q 05 06 9 county indianapolis market area limited assessment nearby cities 14 specific crafts no changes methodology sources us department commerce dept transportation army corps engineers bureau census economic analysis project announcements 1000 business journals city web sites owner press releases articles fmi proprietary databases
