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    Dodge Momentum Index moves higher in August

    Written by David Schollaert


    The Dodge Momentum Index (DMI) rose 7.5% in August after jumping nearly 21% the month prior. The index is now up 30% year-to-date, according to the latest data released by Dodge Construction Network. 

    Overall, the index increased 7.5% from a revised reading of 279.9 in July to 301.0 in August. The index for commercial buildings rose 8.7% to 357.0. And the institutional buildings index rose to 231.6, up 5.4% from 219.9 previously, Dodge said in a press release earlier this week.

    David Schollaert

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    Galvanized buyers report severe supply strain

    Service centers and manufacturers on the Sept. 15 HARDI Sheet Metal and Air Handling Council call described a tight, seller-driven market. Lead times are long, deliveries are late, inventories are thin, imports are down, and demand is strong, causing a shortage of galvanized material. SMU regularly joins the council’s meetings to discuss the galvanized sheet market. Participants — members of Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) — are wholesalers, service centers, distributors, and manufacturers who buy or sell galvanized steel.