Dodge Momentum Index Moves Lower in December

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NEW YORK, N.Y. – Dodge Momentum Index fell 4.9 percent  in December to 151.9 (2000=100) from the revised November reading of 159.7. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The decline in December was due to a 7.6 percent drop in the commercial component of the momentum index, while the institutional component fell .7 percent. For the full year, the momentum index gained 4.3 percent from the … Read more

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HITT Contracting Enters Houston Market With Acquisition Of Trademark

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FALLS CHURCH, Va. — HITT Contracting Inc. recently acquired Houston, Texas-based Trademark Construction, a full-service commercial contractor with more than 30 years of experience. The acquisition of Trademark will strengthen HITT’s position in Texas and expand the firm’s ability to service clients in key sectors such as corporate interiors, healthcare, technology and commercial-base building construction. The new 55-employee office will operate as Trademark HITT for the foreseeable future. Trademark HITT will recruit additional talented construction professionals to further expand operations. Across the nation, HITT Contracting Inc.’s notable projects include Intelsat’s administrative headquarters in Tysons, Virginia, featuring a six-level monumental stair and … Read more

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