Dodge Momentum Index falls in July 2017

By |  August 7, 2017

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The Dodge Momentum Index dropped 3.3 percent in July to 135 from its revised June reading of 139.6, reports Dodge Data & Analytics. 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.

According to Dodge Data & Analytics, the drop in July was mainly due to a 6.6 percent decline in the institutional component and a 1.1 percent decline in the commercial component of the Dodge Momentum Index.

In July, nine projects entered planning, each with a value of $100 million or more. For the institutional building sector, the leading projects were a $200 million Kaiser Permanente Medical Center in Woodbridge, Virginia, and the $200 million phase 2B of the Thompson Education Center in Rocky Hill, New York. For the commercial building sector, the leading projects were a $177 million Amazon fulfillment center in North Randall, Ohio, and the $170 million Pala Casino and Resort in Pala, California.

Despite the decline from June to July, the Dodge Momentum Index is 6.9 percent higher compared with one year ago, which suggests further moderate gains in construction activity throughout the year, Dodge Data & Analytics says. The commercial component of the Dodge Momentum Index is 8 percent higher compared with last year, and the institutional component is 5.3 percent higher compared with last year.

Dodge Data & Analytics is a provider of analytics and software-based workflow integration solutions for the construction industry.

Allison Barwacz

About the Author:

Allison Barwacz is the senior digital media content producer 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 eNewsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants & Equipment 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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