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Dodge Momentum Index Increases 2.8 Percent in August
Written by Sandy Williams
September 9, 2015
Planning for nonresidential construction increased in August according to the Dodge Momentum Index by Dodge Data & Analytics. The Index rose 2.8 percent from July to register 128.3. 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.
Commercial building led the increase for August, up 8.4 percent from July. New institutional planning activity contracted by 5.2 percent after picking up the previous month. Construction planning has been trending higher after a weak start in the first half of 2015. August commercial planning is up 20.6 percent y/y while institutional planning is 5.1 percent higher than in 2014.
In August, ten projects valued at $100 million or more entered the planning phase—eight in commercial and two institutional projects.
Below is a graph showing the history of Dodge Momentum Index. You will need to view the graph on our website to use it’s interactive features, you can do so by clicking here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
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Sandy Williams
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