Dodge Momentum Index Starts 2020 on the Downside
HAMILTON, N.J.–(BUSINESS WIRE)–The Dodge Momentum Index fell 2.7% in January to 152.5 (2000=100) from the revised December reading of 156.7, snapping a four-month streak of gains. 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 decline in the overall Momentum Index was the result of an 11.0% drop in the institutional component, more than offsetting a 2.7% gain in the commercial component.
A similar pattern exists when comparing year-over-year growth in the components of the Index. The institutional component was down 7.4% when compared to January 2019 while the commercial component was 17.4% higher than a year ago. These conflicting trends pushed the overall Momentum Index up 7.1% from January 2019.
In January, ten projects each with a value of $100 million or more entered planning. The leading commercial projects were a $200 million parking garage in the Bronx NY and the $160 million first phase of the Palomino Business Park in Norco CA. The leading institutional projects were the $500 million Good Samaritan Hospital expansion in West Islip NY and the $250 million Anschutz Medical Campus in Aurora CO.
###
About Dodge Construction Network Dodge Construction Network leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers four longstanding and trusted industry solutions—Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS—to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction. To learn more, visit construction.com
Media Contact :
Cailey Henderson | 104 West Partners | cailey.henderson@104west.com