Following six months of consecutive gains, the Dodge Momentum Index fell to 165.8 (2000=100) in June, down 5% from the revised May reading of 175.1. 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 June was the result of losses in both institutional planning, which fell 7%, and commercial planning, which lost 4%. . Uncertain demand for some building types (such as retail and hotels), higher material … Read more