The Dodge Momentum Index rose 3 percent in January compared to the previous month, 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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Dodge Momentum Index Rises Again
The Dodge Momentum Index rose 1.2 percent in December compared to the previous month, 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.
Read MoreCalifornia Quarry Permits Asphalt Plant
The San Rafael Rock Quarry in Marin, Calif., won permission to recycle asphalt from Marin roads projects despite opposition from neighbors who worried the move will intensify operations, according to a report in the Marin Independent Journal.
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