The Dodge Momentum Index rose 3.9 percent in January to 142.6 (2000=100) from its revised December reading of 137.3. 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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Dodge Momentum Index at Eight-Year High
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.
Read MoreConstruction Spending Highest in 10 Years
Gains in all three major construction categories pushed total construction to its highest point since April 2006 when a housing expansion fueled a building boom.
Read MoreConstruction Spending Ticks Upward
The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2016 was estimated at a seasonally adjusted annual rate of $1,172.6 billion, 0.5 percent (±1.5 percent) above the revised September estimate of $1,166.5 billion. The October figure is 3.4 percent (±1.8 percent) above the October 2015 estimate of $1,134.4 billion.
Read MoreDodge Momentum Index Stumbles in September
The Dodge Momentum Index fell 4.3 percent in September to 129.0 from its revised August reading of 134.8 (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 MoreConstruction Spending Flat in July
The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2016 was estimated at a seasonally adjusted annual rate of $1,153.2 billion, nearly the same as (±1.5 percent) the revised June estimate of $1,153.5 billion. The July figure is 1.5 percent (±2.3 percent) percent above the July 2015 estimate of $1,135.9 billion.
Read MoreConstruction Spending Up for First Six Months of 2016
Construction spending decreased in June for the third month in a row but most segments posted solid increases in the first half of 2016 compared to the same period in 2015.
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 MoreConstruction Spending Down in May; Up Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2016 was estimated at a seasonally adjusted annual rate of $1,143.3 billion, 0.8 percent (±1.3 percent) below the revised April estimate of $1,152.4 billion. The May figure is 2.8 percent (±1.6 percent) above the May 2015 estimate of $1,112.2 billion.
Read MoreDodge Momentum Index Moves Higher in May
The Dodge Momentum Index rose 2.4 percent in May to 119.4 from its revised April reading of 116.6 (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.
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