Dodge Momentum Index decreases in November

By |  December 7, 2015

The Dodge Momentum Index fell to 119.9 in November, a 3.7 percent decrease from its October reading of 124.5. The Dodge Momentum Index is a monthly measure of the first report for nonresidential building projects in planning.

According to Dodge Data & Analytics, the loss of momentum in October and November is returning the index to a level that’s more consistent with the commercial planning activity. Additionally, Dodge Data & Analytics reports a 5.3 percent increase in projects entering planning in the institutional sector.

In November, there were a total of seven projects that entered planning. Each project had a value that exceeded $100 million. For the commercial building sector, the leading projects included a $160 million office building in Boston and a $130 million retail project in Somerville, Mass. For the institutional building sector, the leading projects were a $325 million alteration of the American Museum of Natural History in New York and a $238 million hospital in Chula Vista, Calif.

Dodge Data is a provider of data, analytics, news and intelligence servicing the North American construction industry.

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About the Author:

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.

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