Dodge Momentum Index rises in April
According to Dodge Data & Analytics, the Dodge Momentum Index rose 0.8 percent in April to 122.6. The slight rise is attributed to an increase in planning activity in both the commercial and institutional sectors after a 2.5 percent decrease in March.
The commercial sector was up 0.5 percent in April, with three sizeable projects that entered planning: a $500 million expansion of the JW Marriott & Ritz Carlton Hotel in Los Angeles; the $300 million Leows Sapphire Falls Resort in Orlando, Fla.; and the $100 million warehouse and office building project in Sante Fe Springs, Calif.
The residential sector rose 1.2 percent, with three projects entering planning as well. The three projects include a $150 million high school renovation in Beverly Hills, Calif.; the $100 million AltaSea Marine Research and Interpretive Center in Los Angeles; and the $100 million Seattle Children’s Research Institute in Seattle.
This month’s Momentum Index is up 8.5 percent compared to April 2014, and it is expected to see an upward trend throughout 2015, reports Dodge Data & Analytics.
About the Author: Allison Kral
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.Subscribe to Pit & Quarry
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