1 minute reading time (177 words)

Dodge Momentum Index Declines in July

The Dodge Momentum Index continues to decline after peaking in July 2018. The Index, released earlier this week by Dodge Data & Analytics, slipped 4.6% in July from the revised June reading. The index measures the first report of nonresidential building projects in the planning phase, resulting in an indication of nonresidential spending for a full year.

Much of the decline is due to a more than 10% drop in institutional building, while the commercial building segment only fell 0.3% in July. Year-over-year, the Index was down 11.6%—commercial segment down 17.4%. The decline has been sharp over the past year but has leveled off since late 2018, down only 1.2% from December.

With that said, there were still 13 projects that entered planning in July that were valued at $100 million or more. Among them were a $370 million warehouse in Alaska and a $290 million mall redevelopment in North Carolina on the commercial side. A $230 million hospital in New Mexico and a $200 million hospital in Florida led the institutional projects.

-Michael Miller, managing editor

Strategic Global Intelligence Brief for August 9, ...
Strategic Global Intelligence Brief for August 7, ...

Related Posts



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Wednesday, 29 November 2023

Captcha Image