Dodge Momentum Index Makes Small Gain in August

NEW YORK, Sept. 10, 2014 /PRNewswire/ -- The Dodge Momentum Index made a small gain in August, increasing to 118.8 (2000=100) for the month, up 0.2% from the July reading. The improvement in August is on the heels of a 5.7% decline in July, according to McGraw Hill Construction, a division of McGraw Hill Financial. 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. The Momentum Index is now 13.9% higher than one year ago, and continues to point to recovery in the sector.

The August rise in the Momentum Index was supported by a 5.0% increase in institutional building plans, while a 3.0% drop in commercial plans restrained further growth.  Despite the drop in commercial building plans in August, five notable commercial projects valued at $100 million or more entered planning in the month. These include the $200 million DaniaLive Marketplace in Dania Beach FL, a $184 million office complex in New York NY, the $175 million North First Office complex in San Jose CA, the $110 million Champions Petfood warehouse in Auburn KY, and a $100 million mixed use development in College Station TX.

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About McGraw Hill Construction:
McGraw Hill Construction provides essential data, news, insights, and intelligence to better inform construction professionals' decisions. McGraw Hill Construction's data, analytics, and media businesses – Dodge, Sweets, Architectural Record, and Engineering News-Record  – create opportunities for owners, architects, engineers, contractors, building product manufacturers, and distributors to strengthen their market position, size their markets, prioritize prospects, and target and build relationships that will win more business. McGraw Hill Construction serves more than one million customers through its trends and forecasts, industry news, and leading platform of construction data, benchmarks, and analytics, including Dodge MarketShare™, Dodge BuildShare®, and Dodge SpecShare®. Construction data is available for North American and global markets. To learn more, visit www.construction.com.

About McGraw Hill Financial:
McGraw Hill Financial (NYSE: MHFI) is a leading financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The Company's iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power, and McGraw Hill Construction. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mhfi.com.

Media Contact:
Evelyn O'Neill, Marketing Communications:
McGraw Hill Construction, +1 212-904-3322, [email protected]

SOURCE McGraw Hill Construction

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