The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 (2000=100) from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%. “On par with our expectations, the Dodge Momentum Index continued to recede in April, due to declining economic conditions and…
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FIRST LOOK – April 2023
TOP NEWS Barry K. Wendt AwardThe National Stone, Sand & Gravel Association (NSSGA) presented its 2023 Barry K. Wendt Commitment Award to Charlie Luck of Luck Companies. “Throughout the industry, Charlie Luck is widely known for encouraging the advancement and bettering the aggregates industry,” said NSSGA President and CEO Michael Johnson. “His industry expertise and drive to help individuals succeed…
Read MoreDodge Momentum Index Dips in January
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.
Read MoreDodge Momentum Index Wraps up 2022 with December Growth
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional component ticked up 2.7%. “One of the key construction storylines for 2022 was the return of enthusiasm and optimism in prospects for nonresidential…
Read More2023 Outlook/Forecast
Aggregates Industry Positioned For Economic Growth, Market Expansion. By Mark S. Kuhar and Josephine Patterson The Dodge Construction Network held its 2023 Dodge Construction Outlook, a mainstay in the construction industry for more than 80 years. The forecast predicts that total U.S. construction starts will be unchanged in 2023 at $1.08 trillion. When adjusted for inflation total construction starts will…
Read MoreMixed News Continues to Confuse Economic Outlook
All manner of economic indicators once again have us puzzled as to what direction the economy is headed and far too many continue to raise doubts that we are headed for a recession. Yes, there are some headlines regarding layoffs in the tech industry that appears to be a re-balancing of employment numbers that have just reflected unbridled growth at…
Read MoreDodge 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 Higher in April
The Dodge Momentum Index (DMI) moved 6% higher in April to 164.8 (2000=100), up from the revised March reading of 155.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year. In April, the commercial component…
Read MoreDodge Momentum Index Moves Higher in March
The Dodge Momentum Index moved 4% higher in March to 166.9 (2000=100), up from the revised February reading of 160.3. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreFirst Look – February 2022
TOP NEWS Fred Weber Inc. Acquires General DrillingConstruction materials producer Fred Weber Inc., based in St. Louis, has acquired General Drilling Inc., based in Noblesville, Ind., which will become a wholly-owned subsidiary. Chaney Enterprises Acquires TW Block & Concrete AssetsChaney Enterprises will acquire the locally owned TW Block ready-mix concrete, masonry and aggregate-materials business located in Onley, Va., in the…
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