Dodge Momentum Index improves in August
The Dodge Momentum Index, a monthly measure of the first report for nonresidential building projects in planning, increased to 128.3 in August, according to Dodge Data & Analytics. That’s a 2.8 percent increase from its July reading of 124.8.
According to Dodge Data & Analytics, the August gain is attributed to an increase in new plans for commercial buildings, up 8.4 percent from July. Despite this, the institutional building sector in July fell 5.2 percent following July’s surge.
Ten projects entered planning in August with a value exceeding $100 million. Eight of these were commercial projects and two were institutional projects.
In the commercial building sector, a $500 million mixed-use project in Santa Clara, Calif., entered planning, as well as a $400 million hotel at the JFK International Airport in New York, and a $350 million warehouse in Orlando, Fla. In the institutional building sector, a $400 million hospital in Phoenix and a $150 million assisted living facility in Seattle entered planning.
Dodge Data & Analytics provides data, news and intelligence to the North American construction industry. The information allows construction industry members to size markets, prioritize prospects, target and build relationships, strengthen market positions, and optimize sales strategies.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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