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Firm: November year’s strongest month for nonresidential building plans

By |  December 29, 2014

The Dodge Index, a monthly measure of the first report for nonresidential building projects in planning, increased 13 percent in November from the previous month, according to Dodge Data & Analytics.

The November increase brings the momentum index to 143, up from 127 in October. Dodge Data & Analytics reports that November was its strongest month so far in 2014.

Residential building slowed in 2014 because of the decrease in single-family housing, but Dodge Data & Analytics adds that both the nonresidential building and nonbuilding construction sectors had increased business in November. The nonresidential building sector rose 32 percent, and the nonbuilding construction sector rose 22 percent in November.

According to Dodge Data & Analytics, nonresidential building had a stronger month because of several large projects, including two massive manufacturing plants and an airport terminal redevelopment. The commercial side of nonresidential building is also growing at a moderate pace, supported by greater investor interest, the company says.

About the Author:

Megan Smalley is the associate editor of Pit & Quarry. Contact her at msmalley@northcoastmedia.net or 216-363-7930.

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