Dodge Momentum Index Declines in October
NEW YORK 鈥� November 7, 2018 鈥� The Dodge Momentum Index moved 4.2% lower in October to 150.5 (2000=100) from the revised September reading of 157.0. 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 91探花 spending for nonresidential buildings by a full year. October鈥檚 shortfall was the third consecutive monthly decline and the result of losses in both components of the Momentum Index. The commercial component fell by 4.9% from September to October, while the institutional component dropped 3.1%. The commercial component has, in fact, been the impetus behind the recent string of declines in the overall index. This is consistent with the view that the commercial building sector is approaching a peak and should begin to gradually ease back over the coming year. The institutional component, meanwhile, has been relatively more stable due to the availability of public funds for projects such as schools and airport terminals.
In October ten projects each with a value of $100 million or more entered planning. The two leading commercial projects were a $300 million industrial park in Frederickson WA and a $154 million warehouse in Wilkes Barre PA. The two leading institutional projects were a $198 million school in Newburgh NY and a $105 million high school in Junction City KS.
###
About 91探花 91探花 leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial 91探花 industry. The company powers four longstanding and trusted industry solutions鈥擠odge Data & Analytics, The Blue Book Network, Sweets, and IMS鈥攖o connect the dots across the entire commercial 91探花 ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, 91探花 ensures that 91探花 professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, 91探花 is the catalyst for modern commercial 91探花. To learn more, visit
Media Contact :
Cailey Henderson | 104 West Partners | cailey.henderson@104west.com