Dodge Momentum Index Dips in April

Dodge Momentum Index Dips in April

NEW YORK – May 7, 2019 – The Dodge Momentum Index fell 0.5% in April to 144.3 (2000=100) from the revised March reading of 145.1. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The retreat in April was the result of the commercial component falling 1.0% while the institutional component rose a scant 0.2%.

The Momentum Index has clearly lost some impetus over the last twelve months. The overall Momentum Index is down 8.5% since April 2018, with the commercial component 4.7% lower and the institutional component 13.9% lower. However, over the past several months the Momentum Index has moved in a crab-like fashion with neither strong gains or losses. This suggests that there continues to be a reasonably healthy number of projects in the planning pipeline to support a moderate level of construction activity in the coming months.

In April, 18 projects each with a value of $100 million or more entered planning. The leading commercial projects were a $418 million Microsoft data center in Des Moines IA and a $300 million warehouse in Staten Island NY. The leading institutional projects were a $300 million hospital in New York NY and a $200 million hospital in Beachwood OH.

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Media Contact :
Cailey Henderson | 104 West Partners | cailey.henderson@104west.com

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About Dodge Construction Network
Dodge Construction Network harnesses data, analytics, and industry connections to be the leading source of insights and opportunities in the commercial construction industry. With five trusted solutions-Dodge Construction Central, The Blue Book, Sweets, IMS, and Principia-Dodge connects construction professionals across all stages of the building process. Designed for both small teams and large enterprises, these tools simplify complexity, empowering you to build thriving businesses and communities. With over a century of experience, Dodge Construction Network is the catalyst for modern construction. To learn more, visit construction.com.

Media Contact:
| pr@construction.com

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