Dodge Momentum Index Ticks Up in April - Architects' Guide to Glass & Metal

Dodge Momentum Index Ticks Up in April

May 10th, 2016 | Category: Industry News

The Dodge Momentum Index rose 0.6 percent in April to 116.5 from its revised March reading of 115.8, according to Dodge Data & Analytics.

Dodge Momentum Index May 2016 -  April DataApril’s gain was due to increased planning activity for both commercial and institutional building, with commercial moving 0.8 percent higher and institutional rising 0.4 percent.

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.

“Over the last eight months, institutional planning has been on somewhat of a roller coaster ride – making impressive gains through early 2016 before falling 16 percent last month,” a release from Dodge reads. “With April’s slight gain, institutional planning is now 7 percent above its year-ago level, which suggests that despite volatility on a month-to-month basis the sector’s recovery is continuing. The overall index is essentially even with its April 2015 level, due to a subdued pace for commercial planning relative to a year ago.”

In April, six projects entered planning with a value that exceeded $100 million.

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