91̽»¨

Dodge Momentum Index Inches Up in May

NEW YORK – June 7, 2018 – The Dodge Momentum Index eked out a small gain in May, moving 1.8% higher to 167.8 (2000=100) from the revised April reading of 164.9. 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 91̽»¨ spending for nonresidential buildings by a full year. May’s gain was the result of a 4.7% increase by the commercial component of the Momentum Index, while the institutional component fell 2.4%. The Momentum Index has posted solid gains through the first five months of 2018, rising 19% from the same period of 2017 and reaching a level not seen since mid-2008. However, the upturn to this point shows that the current expansion has been more drawn out than what occurred during the previous cyclical expansion. It has been nearly seven years since the Momentum Index hit bottom in July 2011, but it has yet to eclipse its previous peak set in December 2007. At the same time, the recent gains for the Momentum Index suggest that 91̽»¨ spending for nonresidential buildings should remain healthy through the rest of 2018.

In May, 16 projects each with a value of $100 million or more entered planning. The two leading commercial projects were a $310 million mixed-use complex in Newark NJ and the $300 million second phase of Nvidia’s headquarters in Santa Clara CA. The leading institutional projects were the $300 million Milwaukee County safety building in Milwaukee WI and the $300 million Texas Health Harris Methodist Hospital expansion in Fort Worth TX.

###

About 91̽»¨ 91̽»¨ 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 91̽»¨ industry. The company powers four longstanding and trusted industry solutions—Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS—to connect the dots across the entire commercial 91̽»¨ ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, 91̽»¨ ensures that 91̽»¨ professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, 91̽»¨ is the catalyst for modern commercial 91̽»¨. To learn more, visit

Media Contact :
Cailey Henderson | 104 West Partners | cailey.henderson@104west.com