Dodge Momentum Index

Dodge Momentum Index Starts 2020 on the Downside

Dodge Momentum Index starts 2020 on the downside

Index decline of 2.7 percent is due to an 11 percent drop in institutional building.

The Dodge Momentum Index fell 2.7% in January to 152.5 (2000=100) from the revised December reading of 156.7, snapping a four-month streak of gains.

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 decline in the overall Momentum Index was the result of an 11.0% drop in the institutional component, more than offsetting a 2.7% gain in the commercial component. A similar pattern exists when comparing year-over-year growth in the components of the Index. The institutional component was down 7.4% when compared to January 2019 while the commercial component was 17.4% higher than a year ago.

These conflicting trends pushed the overall Momentum Index up 7.1% from January 2019.

In January, ten projects each with a value of $100 million or more entered planning. The leading commercial projects were a $200 million parking garage in the Bronx NY and the $160 million first phase of the Palomino Business Park in Norco CA. The leading institutional projects were the $500 million Good Samaritan Hospital expansion in West Islip NY and the $250 million Anschutz Medical Campus in Aurora CO.

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Amy Roepke | amy.roepke@construction.com

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