NEW YORK, N.Y. –The Dodge Momentum Index fell in September, moving 8.4 percent lower to 116.4 (2000=100) from the revised August reading of 127.1. 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. Both components of the momentum index declined in September. The institutional building component fell 11.5 percent from August, while the commercial building component fell 6.1 percent. While the overall index has lost ground for four consecutive months, this should not be seen, in … Read more

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