NEW YORK, N.Y. – The Dodge Momentum Index climbed 0.5 percent in February to 126.1 (2000=100) from its revised January reading of 125.5. 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. February’s increase was the third consecutive month-to-month gain for the index, as a 1.0 percent pickup by commercial planning reports overcame a slight 0.1 percent decline by institutional planning. While commercial planning activity is still below the levels present throughout much of 2015, … Read more