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    Dodge Momentum Index ticks higher in September

    Written by David Schollaert


    The Dodge Momentum Index (DMI) rose more than 3% in September, up for a fifth straight month. The index is now up 33% year-to-date, according to the latest data released by Dodge Construction Network.

    Overall, the index increased 3.4% from a revised reading of 294.7 in August to 304.6 in September. The index for commercial buildings rose 4.7% to 362.5. And the institutional buildings index rose to 323.9, up 0.9% from 230.7 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.