Dodge Momentum Index Moves Higher in December

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The Dodge Momentum Index increased 1.5% in December to 156.2 (2000=100) from the revised November reading of 153.9. 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. Both components of the momentum index rose over the month – the institutional component gained 2.3%, while the commercial component rose 0.9%. For the full year, the momentum index averaged 141.9, a decline of 3.7% from 2018’s average. In 2019, the commercial … Read more

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October Construction Starts Fall 9 Percent

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NEW YORK, N.Y. – New construction starts in October dropped 9 percent to a seasonally adjusted annual rate of $742.9 billion, pulling back after a 14 percent jump in September, according to Dodge Data & Analytics. Over the past two months the pattern for total construction starts was shaped by nonresidential building, which fell 30 percent in October after soaring 37 percent in September. Although nonresidential building in October did include the start of several very large projects, led by the $1.1-billion new ballpark for the Texas Rangers in Arlington Texas, they were not the same magnitude as the three … Read more

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July Construction Starts Increase 6 Percent

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NEW YORK, N.Y. – The value of new construction starts in July advanced 6 percent from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26 percent jump by the nonbuilding construction sector, which reflected an improved level for public works and the start of two massive power plants, located respectively in California and New York. Residential building in July increased 8 percent, as multifamily housing rebounded after three consecutive monthly declines. Running counter was a 7 percent slide for nonresidential building following its … Read more

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New Construction Starts in December Slide 5 Percent

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NEW YORK, N.Y. – New construction starts in December slipped 5 percent to a seasonally adjusted annual rate of $613.0 billion, according to Dodge Data & Analytics. The latest month’s decline for total construction was due to sharply reduced activity for the nonbuilding construction sector, reflecting further erosion by public works as well as a steep plunge by the electric utility/gas plant category. At the same time, nonresidential building in December held steady with its November pace, and residential building was able to register moderate growth. For all of 2016, total construction starts advanced 1 percent to $676.5 billion, a … Read more

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Dodge Momentum Index Inches Higher in July

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NEW YORK, N.Y. – The Dodge Momentum Index moved slightly higher in July, increasing 0.5 percent to 134.7 (2000=100) from its revised June reading of 134.1. The momentum index 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. July’s modest rise follows a substantial increase in June, which saw the index climb 10.9 percent from the previous month. The index has now moved higher in four consecutive months, the first such string of increases since late 2014. July’s … Read more

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