Dodge Momentum Index Declines in December

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The Dodge Momentum Index fell 3% in December to 166.4 (2000=100), down from the revised November reading of 170.7. The momentum index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In December, commercial planning fell 4%, and institutional planning slipped 1%. Despite these declines, 2021 was a banner year for the Dodge Momentum Index—despite the lingering risks of COVID-19 and low demand for some types of nonresidential buildings. Throughout the year, the overall momentum … Read more

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Pullback in Commercial, Institutional Planning Ends 6-Month Consecutive Gains

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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

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Dodge Momentum Index Hits 12-Year High Led by Institutional Planning

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The Dodge Momentum Index posted an 8.6% gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March. 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. April’s gain marks the fifth consecutive monthly increase, and similar to February and March, was due to a large increase in institutional buildings entering the planning stage while commercial planning eased by less than 1%. Since hitting its … Read more

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Dodge Momentum Index Moves 1.7% Higher in March

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The Dodge Momentum Index moved 1.7% higher in March to 151.4 (2000=100) from the revised February reading of 148.8. 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. According to the March data, the index hit its highest level since the summer of 2018 as a result of an increase in institutional projects that entered the planning stage, and which came on the heels of a similar gain for … Read more

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Dodge Momentum Index Ends 2020 on High Note

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The Dodge Momentum Index jumped 9.2% in December to 134.6 (2000=100) from the revised November reading of 123.3. 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 commercial component of the momentum index rose 14.0%, while the institutional component rose by 0.3%. The gain in the commercial component of the momentum index was heartening even though the increase was mostly the result of a sizeable increase in warehouse … Read more

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