Steel Markets
Nonresidential Construction Planning Gains Momentum in October
Written by Sandy Williams
November 7, 2016
Nonresidential construction planning took a jump in October, according to the latest survey by Dodge Data and Analytics. The Dodge Momentum Index grew 4.1 percent in October to 133.6, nearly reversing September’s loss.
Commercial planning increased by 6.1 percent sequentially and by 20 percent year-over-year. “This suggests that despite being in a more mature phase of the building cycle, commercial construction has room for further growth in the coming months,” said Dodge.
Institutional planning grew 1.4 percent from September and 10 percent from October 2015.
Twelve projects with a value exceeding $100 million entered the planning phase in October. Leading projects for the commercial sector were office buildings in New Jersey and Massachusetts. Leading institutional projects were a $250 million hospital in NYC and a $140 million high school planned in Ohio.
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Sandy Williams
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