Dodge Momentum Index jumps in September

By |  October 7, 2015

The Dodge Momentum Index moved 5.8 percent higher in September to 133.5 from 126.2 in August.

According to Dodge Data & Analytics, the driving force behind September’s gain was a 12 percent increase from the previous month in institutional building planning. State and local budgets, which finance many projects in this category, continue to recover from the recession. With this support, planning for new institutional buildings has trended upward the past year in a saw-tooth pattern.

Commercial construction is at a more mature stage of its recovery, and planning has been relatively more stable. Planning in the commercial category increased 1.8 percent in September, according to Dodge Data.

In addition, a total of eight projects entered planning in September, split equally between commercial and institutional projects. According to Dodge Data, a $330 million office building for Fannie Mae in Washington, D.C., and a $150 million alteration of an office complex in Plano, Texas, entered planning stages in the commercial building sector. A $400 million hospital in Rockford, Ill., and a $230 million clinic addition in Weston, Fla., entered planning stages in the institutional building sector.

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.

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