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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Dodge Momentum Index Moves Higher in May

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NEW YORK, N.Y. – The Dodge Momentum Index rose 2.4 percent in May to 119.4 from its revised April reading of 116.6 (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. The increase for the index in May was due to a 6.5 percent gain for projects entering planning in the commercial sector, which more than offset a 3.4 percent decline for such projects in the institutional sector. May’s increase places the overall index … Read more

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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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