Dodge Momentum Index Moves Lower in December

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NEW YORK, N.Y. – Dodge Momentum Index fell 4.9 percent  in December to 151.9 (2000=100) from the revised November reading of 159.7. The momentum index, issued by Dodge Data & Analytics, 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 December was due to a 7.6 percent drop in the commercial component of the momentum index, while the institutional component fell .7 percent. For the full year, the momentum index gained 4.3 percent from the … Read more

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Market Forecast: Nonresidential Construction to Rebound in 2017

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CHICAGO, Ill. – A market study released by the Metal Construction Association reports that 2017 will be the year the nonresidential construction industry will return to the peak levels last seen in 2007. The residential market will take a bit longer to hit the mark, but the news is positive across the board for industry stakeholders. According to the study, conducted by FMI, the growth has been steady and moderate over the past five years and is slowly inching its way back to high levels seen a decade ago. Growth is predicted to reach 8 percent in 2016 reaching $1.14 … 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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Construction Spending Ends Year on Mixed Note

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Construction spending inched up in December from a month earlier and increased solidly over the year but the major components showed divergent trends, according to an analysis by the Associated General Contractors of America. Association officials cautioned that slowdown in spending in a number of key, private nonresidential categories could reflect broader financial uncertainty and undermine the sector’s recovery. “Home and apartment construction continued growing strongly while public construction, particularly for highways, has also advanced,” said Ken Simonson, the association’s chief economist. “But spending on most private nonresidential categories has stalled or turned negative in the past several months. Contractors … Read more

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U.S. Non-Residential Construction Retreats 6.9% in December

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Non-residential construction starts declined 6.9 percent from November to December in the U.S., according to a new report from construction data provider CMD. December’s new construction total, $22.2 billion, was 7 percent lower than December 2014. The retreat in construction starts was only slightly higher than the construction activity typical of November to December. However, compared to the five-year average for December from 2010 to 2014, starts increased 9.2 percent. Among the three major subcategories of non-residential construction, commercial and heavy engineering/civil activity decreased 4 and 6.2 percent respectively, but by far the most dramatic change from November to December … Read more

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