Dodge Momentum Index Stumbles in July

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NEW YORK, N.Y. – The Dodge Momentum Index fell in July, dropping 3.3 percent to 135.0 (2000=100) from its revised June reading of 139.6. 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. The move lower in July was due to a 6.6 percent decline in the institutional component of the momentum index, while the commercial component fell 1.1 percent. This month continues a recent trend of volatility in the momentum index where a string … Read more

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Dodge Momentum Index Moves Higher in June

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NEW YORK, N.Y. – The Dodge Momentum Index took another step forward in June, increasing 1.1 percent to 141.1 (2000=100) from its revised May reading of 139.6. 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. June’s lift was due to a 4.8 percent advance by the institutional component of the momentum index, while the commercial component fell 1.3 percent. The momentum index has exhibited substantial strength since mid-2016, with the institutional and commercial components … Read more

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Dodge Momentum Index Resumes Growth in May

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NEW YORK, N.Y. – Following a dip in April, the Dodge Momentum Index advanced 4 percent in May to 139.1 (2000=100) from its revised April reading of 133.7. 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. In May, the commercial component of the momentum index increased 4.8 percent to an eight-and-a-half year high, which suggests that construction activity for commercial buildings will continue to rise over the next year, even with signs of decelerating … Read more

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Dodge Momentum Index Loses Steam in April

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NEW YORK, N.Y. – The Dodge Momentum Index fell 5.1 percent in April to 133.8 (2000=100) from its revised March reading of 140.9. 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. April’s decline was due to a 12 percent drop for the institutional component of the momentum index, while the commercial component rose a meager 1 percent. Since early 2016, the momentum index has gained substantial ground, albeit in a saw-tooth pattern, increasing by … Read more

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Dodge Momentum Index Springs Forward in March

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NEW YORK, N.Y. – The Dodge Momentum Index increased by 0.9 percent in March to 144.4 (2000=100) from its revised February reading of 143.2. 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. The momentum index has now risen for six consecutive months, with much of the gain being driven by institutional projects entering planning while commercial projects so far in 2017 have receded slightly. The institutional portion of the momentum index rose 3.7 percent … Read more

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