Steel Markets

Construction Looks Healthy on Dodge Index

July 10, 2017

The Dodge Momentum Index continued to exhibit strength in June, climbing 1.1 percent to 141.1. The monthly measure of nonresidential construction projects in planning was driven by a 4.8 percent jump in planning for institutional construction. The commercial component of the index dipped 1.3 percent, but was 11.8 percent higher than in June 2016. Institutional planning gained 9.5 percent from its year-ago score. The components of the index have been trading off almost monthly as drivers of growth since the index began its upward trend in mid-2016.

Dodge Analytics said the rising trend indicates construction activity will remain healthy through the end of the year.

Seven projects valued at $100 million or more entered the planning phase in June.

The Dodge Momentum Index, published by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which has been shown to lead construction spending for nonresidential buildings by a full year.

Below is a graph showing the history of the Dodge Momentum Index. You will need to view the graph on our website to use its interactive features, you can do so by clicking here. If you need assistance logging into or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.