Steel Products
Dodge Momentum Index Rebounds in October
Written by Sandy Williams
November 6, 2017
After four months of decline, the Dodge Momentum Index rebounded 13.2 percentage points in October to a reading of 130.9. 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.
Commercial and institutional planning both advanced in October, gaining 16.8 percent and 8.3 percent, respectively. On a year-over-year basis, the Momentum Index is now 6.1 percent higher, with the commercial portion up 5.5 percent and the institutional portion up 6.9 percent.
“October’s increase supports the belief that building activity has further room to grow during this cycle,” wrote Dodge. “While month-to-month activity could continue to be volatile, there are enough projects in the pipeline to sustain growth into 2018.”
Twenty projects with a value of $100 million or more entered the planning stage last month.
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Sandy Williams
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