Dodge Momentum Index Increases in April

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NEW YORK, N.Y. – The Dodge Momentum Index rose 0.6 percent in April to 116.5 from its revised March reading of 115.8 (2000=100). 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 gain was due to increased planning activity for both commercial and institutional building, with commercial planning moving 0.8 percent higher and institutional planning rising 0.4 percent. Over the last eight months institutional planning has been on somewhat of a roller coaster ride … Read more

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Dodge Momentum Index Falls in March

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NEW YORK, N.Y. –The Dodge Momentum Index fell 7 percent in March to 117.4 from its revised February reading of 126.4 (2000=100). The 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 decline in March is the first setback for the index following three months of gains. Over the last 12 months the index has been particularly volatile, increasing in seven months and dropping in five, mirroring the saw tooth pattern of growth in the overall … Read more

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Dodge Momentum Index Increases in February

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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

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Dodge Momentum Index Moves Higher in January

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NEW YORK, N.Y. – The Dodge Momentum Index rose 2.4 percent in January to 126.4 (2000=100) from its December reading of 123.4. The 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 increase in January was the result of a 3.3 percent increase in institutional projects, and a 1.6 percent increase in commercial projects. On a year-over-year basis, the overall index is 1.7 percent higher even though the commercial portion is down 6.8 percent. Commercial planning intentions … Read more

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