Dodge Momentum Index falls in January 2018

By |  February 7, 2018

The Dodge Momentum Index dropped 5.1 percent in January to 143.7 from its revised December reading of 151.5, reports Dodge Data & Analytics.

According to Dodge Data & Analytics, in January, the commercial component of the Dodge Momentum Index was down 7.8 percent and the institutional component was down 0.9 percent.

The fourth quarter of 2017 was particularly strong for the index, and January’s retreat returns it to a more sustainable level, Dodge Data & Analytics adds.

In January, five projects, each with a value of $100 million or more, entered planning. For the commercial sector, the leading projects were a $200 million office building in Boston and a $152 million warehouse in Banning, California. For the institutional sector, the leading projects were a $440 million water park in Branson, Missouri, and a $123 million assisted living facility in Milwaukee.

On a year-over-year basis, the Dodge Momentum Index is 7.7 percent higher, with both the commercial and institutional sectors showing improvement.

The Dodge Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Dodge Data & Analytics provides analytics and software-based workflow integration solutions for the 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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