Dodge Momentum Index Recovers in October

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NEW YORK, N. Y. – The Dodge Momentum Index rose in October, climbing 13.2 percent to 130.9 (2000=100) from the revised September reading of 115.6. 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 higher in October nearly reversed the erosion of the past four months (including September’s 7.9 percent decline), with October posting healthy gains in both sectors. From September to October the commercial portion of the momentum index advanced 16.8 percent, … Read more

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3 Mega Projects Propel ConstructConnect’s September Starts Higher by Nearly One-Third

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ConstructConnect recently announced that September’s volume of construction starts, excluding residential activity, was $42.8 billion. The month-to-month percentage change versus August was an outsized +31.5 percent (or plus nearly one-third). The big improvement in the latest period was thanks to go-aheads for three mega projects combining for a total of $17 billion. The three extraordinary projects were an Exxon Mobil petrochemical plant in Texas ($10 billion categorized as industrial); the new Delta Airlines Terminal at LaGuardia Airport in New York ($4 billion categorized as civil/engineering) and the Atlantic Sunrise natural gas pipeline in Pennsylvania ($3 billion, also in the civil/engineering … Read more

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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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Turner’s Second Quarter Building Cost Index Reflects Busy Construction Market

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Turner Construction Company announced that the Second Quarter 2017 Turner Building Cost Index—which measures costs in the nonresidential building construction market in the United States—has increased to a value of 1031. This represents a 1.18 percent quarterly increase from the first quarter 2017 and a 4.88 percent yearly increase from the second quarter 2016. The second quarter has seen relatively consistent cost increases across the country, with raw material prices continuing to make moderate gains – particularly among aluminum materials. Engineered products have also seen moderate gains. Additionally, fuel costs have remained relatively flat, having little effect on costs. “The … Read more

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Dodge Momentum Index Jumps in December

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NEW YORK, N.Y. – The Dodge Momentum Index increased 2.9 percent in December to 136.7 (2000=100) from its revised November reading of 132.8. 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. After trending upward over the course of 2016, the index is now at an eight-year high, although still more than 25 percent below its previous peak reached at the end of 2007. December’s gain was due to a 5.7 percent increase in the … Read more

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