Dodge Momentum Index Moves Higher in October

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NEW YORK, N.Y. – The Dodge Momentum Index grew 4.1 percent in October to 133.6 from its revised September reading of 128.3 (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. October’s gain nearly reversed the loss in September, and returns the Momentum Index to the rising trend that began earlier in the year. The commercial component of the Momentum Index rose 6.1 percent in October, and is 20 percent above last year. This suggests … Read more

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Dodge Momentum Index Stumbles in September

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NEW YORK, N.Y. – The Dodge Momentum Index fell 4.3 percent in September to 129.0 from its revised August reading of 134.8 (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 September was the result of a 5.3 percent drop in institutional planning and a 3.6 percent decrease in commercial planning, retreating from the strong performance in August which benefited from an influx of large projects ($100 million+) into planning. September’s decline … Read more

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Dodge Momentum Index Jumps in June

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NEW YORK, N.Y. – The Dodge Momentum Index rose a sharp 11.2 percent in June to 134.4, from its revised May reading of 120.8 (2000=100). The Dodge 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 index rose in June as the result of a 14.6 percent increase in the institutional component and a 7.7 percent increase in the commercial component. The gain in commercial planning reports is a positive development since that component of … Read more

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May Construction Starts Rise 5 Percent

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NEW YORK, N.Y. – At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5 percent from April, according to Dodge Data & Analytics. Much of the growth came from the non-building construction sector (public works and electric utilities), which was lifted by a $3.8-billion oil pipeline in the upper Midwest, as well as by seven power plant projects with a combined cost of $4.3 billion. Residential building edged up slightly in May, as multifamily housing bounced back from its subdued April performance. However, nonresidential building in May retreated, sliding for the second month in … Read more

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Turner’s First Quarter 2016 Building Cost Index Reflects Continued Growth in Construction Activity

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The First Quarter 2016 Turner Building Cost Index—which measures costs in the nonresidential building construction market in the United States—has increased to a value of 970, according to Turner Construction Company. This reflects a 1.15 percent increase from fourth quarter 2015 and a 4.64 percent yearly increase from first quarter 2015. “The shortage of skilled labor is outweighing the impact of declining material prices,” said Attilio Rivetti, Turner’s vice president responsible for preparing the cost index. “As the volume of work remains relatively high, we expect subcontractors to continue to be strategic in pursuits, ultimately resulting in upward cost pressures.” … Read more

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