Dodge Momentum Index Increases in July

NEW YORK, Aug. 8, 2018 /PRNewswire/ -- The Dodge Momentum Index moved 1.4% higher in July to 169.8 (2000=100) from the revised June reading of 167.3.  The Momentum Index 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.  In July, the commercial component of the Momentum Index grew by 3.3%, while the institutional component fell 1.5%.  The headline Momentum Index has risen steadily since its slippage during the third quarter of 2017.  Stronger economic growth and the support from still-healthy real estate market fundamentals (occupancies and rents) have contributed to these gains for construction projects at the planning stage, which have yet to be restrained by the uncertainty arising from higher material costs and higher interest rates.

In July, 17 projects each with a value of $100 million or more entered planning.  The two leading commercial projects were a $295 million data center in Sterling VA and a $225 million warehouse/office building in Ontario CA.  The leading institutional projects were the $325 million MUSC Health Community Hospital in Summerville SC and the $150 million Texas Acute Care Hospital in Mansfield TX. 

About Dodge Data & Analytics: Dodge Data & Analytics is North America's leading provider of analytics and software-based workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities and execute on those opportunities for enhanced business performance. Whether it's on a local, regional or national level, Dodge makes the hidden obvious, empowering its clients to better understand their markets, uncover key relationships, size growth opportunities, and pursue those opportunities with success. The company's construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its 100-year-old legacy of continuous innovation to help the industry meet the building challenges of the future.  To learn more, visit www.construction.com.

Media Contact: Ryan Chin | AFFECT Public Relations & Social Media | +1-212-398-9680, [email protected]

SOURCE Dodge Data & Analytics

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