Following six months of consecutive gains, the Dodge Momentum Index fell to 165.8 (2000=100) in June, down 5% from the revised May reading of 175.1. The decline in June was the result of losses in both institutional planning, which fell 7%, and commercial planning, which lost 4%.
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The Dodge Momentum Index posted an 8.6% gain in April. April’s gain marks the fifth consecutive monthly increase, and similar to February and March, was due to a large increase in institutional buildings entering the planning stage while commercial planning eased by less than one percent.
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The Dodge Momentum Index, issued by Dodge Data & Analytics, moved 1.7% higher in March to 151.4 from the revised February reading of 148.8. According to the March data, the Index hit its highest level since the summer of 2018 as a result of an increase in institutional projects that entered the planning stage, and which came on the heels of a similar gain for the sector in February. While healthcare and lab projects continue to dominate institutional planning, March saw a more broad-based selection of project types including education and recreation buildings.
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The Dodge Momentum Index, issued by Dodge Data & Analytics, rose 7.1% in February to 149.0 from the revised January reading of 139.1. The institutional component of the Momentum Index jumped 26.3% during the month, while the commercial component was essentially flat.
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The Dodge Momentum Index, issued by Dodge Data & Analytics, increased 3.1% in January. The commercial component of the Momentum Index moved 9.9% higher, offsetting an 11.7% decrease in the institutional component.
Read MoreThe Dodge Momentum Index, issued by Dodge Data & Analytics, jumped 9.2% in December to 134.6 from the revised November reading of 123.3. The gain in the commercial component of the Momentum Index was heartening even though the increase was mostly the result of a sizeable increase in warehouse planning.
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The Dodge Momentum Index, issued by Dodge Data & Analytics, fell 2.6% in November to 123.3 from the revised October reading of 126.5. The institutional component of the Momentum Index fell 4.4%, while the commercial component lost 1.6%.
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The Dodge Momentum Index, issued by Dodge Data & Analytics, fell 1.8% in October to 127.5 (2000=100) from the revised September reading of 129.8. The commercial component of the Momentum Index lost 4.4% over the month, but the institutional component gained 3.3%.
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The Dodge Momentum Index, issued by Dodge Data & Analytics, rose 3.7% in September. The Momentum Index has made steady, albeit slow, progress since hitting a nadir in June. In the third quarter, the Momentum Index gained 2.2% over the previous three months.
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Dodge Data & Analytics reports that the Dodge Momentum Index increased 1.8% in August. The commercial component rose 3.3%, while the institutional component moved 1.2% lower. The August increase in the overall Momentum Index is the second consecutive rise and a further sign that the construction sector continues to post a modest recovery following the large declines in April and June. This recovery, though, is uneven.
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