Dodge Momentum Index rises in November

The Dodge Momentum Index increased in November, rising to 125.0, which is up from .6 percent from October’s reading of 124.3, according to Dodge Data & Analytics. The Index has now registered gains for two consecutive months, showing that the nonresidential building market continues to build despite occasional setbacks.

The increase in the November index can be accounted for by greater planning activity in the commercial sector, which rose 4 percent. In addition, three commercial building projects exceeding $100 million entered into planning during the month.

The Dodge Momentum Index is now 14 percent above the same month a year ago and is also at its highest level since early 2009.