Dodge Momentum Index moves higher in October

By |  November 7, 2016

The Dodge Momentum Index grew 4.1 percent in October to 133.6 from a revised September reading of 128.3.

The momentum index is Dodge Data & Analytics‘ monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year, according to the firm.

October’s gain nearly reversed the loss in September and returns the momentum index to the rising trend that began earlier in the year. The commercial component of the momentum index rose 6.1 percent in October and is 20 percent above last year. According to Dodge Data & Analytics, this suggests that despite being in a more mature phase of the building cycle, commercial construction has room for further growth in the coming months. The institutional component of the momentum index increased 1.4 percent in October, and is now 10 percent higher than one year ago.

In October, 12 projects entered planning each with a value that exceeded $100 million. For the commercial building sector, the leading projects were a $270 million office building in Jersey City, New Jersey, and a $250 million office tower in Somerville, Massachusetts. The leading institutional projects were a $250 million hospital in New York and a $140 million high school in Upper Arlington, Ohio.

Dodge Data & Analytics is a technology-driven construction project data, analytics and insights provider.

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Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or

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