Dodge Momentum Index Inches Lower in February

Dodge Momentum Index Inches Lower in February

NEW JERSEY – March 6, 2020 – The Dodge Momentum Index moved 1.8% lower in February to 148.7 (2000=100) from the revised January reading of 151.4. The Momentum Index, issued by Dodge Data & Analytics, 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. The drop in February was the result of declines in both components of the Momentum Index, with the commercial component losing 2.1% and the institutional component declining by 1.2%.

While the overall Momentum Index has declined for two consecutive months, it remains 11% higher on a year-over-year basis. The commercial component is 20% higher than a year ago, while the institutional component is 2% lower. This continues to suggest that construction activity should remain near its recent highs in 2020.

In February, six projects each with a value of $100 million or more entered planning. The leading commercial projects were a $200 million hotel in Cincinnati OH and a $300 million Amazon warehouse in Colorado Springs CO. The leading institutional projects were the $420 million Asante Rogue Regional Medical Center in Medford OR and a $150 million lab facility in New Haven CT.

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

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About Dodge Construction Network
Dodge Construction Network is a solutions technology company providing 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 construction industry. The company powers longstanding and trusted industry solutions to timely connect and enable decision makers across the entire commercial construction ecosystem. For more than a century, Dodge Construction Network has empowered construction professionals with the information they need to build successful, growing businesses. To learn more, visit construction.com

Media Contact:
Amy Roepke | amy.roepke@construction.com

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