Dodge Momentum Index loses ground in June
Dodge Data & Analytics’ Dodge Momentum Index dropped 6.6% in June. The institutional component of the Momentum Index fell 11.7% while the commercial component declined by 3.5%.
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Dodge Momentum Index flat in May
While the Dodge Momentum Index may move lower in the future, its present level continues to suggest that there are enough projects entering planning to allow construction to begin a modest recovery in the third quarter.
Read MoreDodge Momentum Index falls on COVID-19 in April
The Dodge Momentum Index moved 6.0% lower in April to 135.9 from the revised March reading of 144.5. Both components of the Momentum Index pulled back during the month – the commercial component fell 7.6%, while the institutional component dropped 3.2%.
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Construction starts decline in March
“Considering the calamity that occurred towards the end of March as the fallout from the COVID-19 (Coronavirus) hit the economy, construction starts held up rather well,” stated Richard Branch Chief Economist for Dodge Data & Analytics. “Construction starts in March were unlikely to be greatly impacted as projects that broke ground during the month likely had materials sourced and in-place and labor booked well ahead of the scheduled groundbreaking.”
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Dodge Momentum Index eases back in March
The drop in March was present in both components of Dodge Data & Analytics’ Momentum Index – the commercial component fell 0.8%, while the institutional component was 0.2% lower. It is still very early on in the COVID-19 crisis and March’s data would not fully capture any potential impact of the pandemic on construction planning. Dodge will be monitoring the progress of the projects entering the planning process and will provide frequent updates as the crisis evolves.
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Dodge Momentum Index inches lower in February
The Dodge Momentum Index, issued monthly by Dodge Data & Analytics, moved 1.8% lower in February. While the overall Momentum Index has declined for two consecutive months, it remains 11% higher on a year-over-year basis. The commercial component is 20% higher than a year ago, while the institutional component is 2% lower. This continues to suggest that construction activity should remain near its recent highs in 2020.
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Dodge Momentum Index starts 2020 on the downside
The Dodge Momentum Index fell 2.7% in January. 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.
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Dodge Momentum Index moves higher in December
Dodge Data & Analytics announced today that the Dodge Momentum Index increased 1.5% in December. Both components of the Momentum Index rose over the month – the institutional component gained 2.3%, while the commercial component rose 0.9%.
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Dodge Momentum Index moves higher in October
Dodge Momentum Index October’s increase was due entirely to a recovery in institutional planning projects, which had stepped back over the previous few months. Institutional planning moved 22.8% higher in the month while commercial planning lost 0.5%.
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Commercial component leads Dodge Momentum Index higher in September
The gain in the September Dodge Momentum Index was due entirely to an 8.9% increase in the commercial component, while the institutional component fell 4.8%.
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