The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 1.4% in February to 180.5 (2000=100) from the revised January reading of 183.0. Over the month, commercial planning fell 2.3% and institutional planning ticked up 0.1%. “Weaker office and healthcare planning constrained nonresidential planning in February,” stated Sarah Martin, associate director of forecasting for Dodge. “However, the Index remains…
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Dodge Momentum Index Spikes in September
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 9.6% (2000=100) in October to 199.7 from the revised September reading of 182.2. During the month, the DMI continued its steady ascent, with the commercial component rising 13%, and the institutional component ticking up 2.9%. Commercial planning was bolstered by a solid increase in office and hotel projects. The…
Read MoreDodge Momentum Index Jumps in June
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 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.
Read MoreDodge Momentum Index Climbs Again in May
The Dodge Momentum Index gained 2.0 percent in May to 125.2, following April’s strong rebound. According to McGraw Hill Construction, a division of McGraw Hill Financial, 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.…
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