NEW YORK – August 7, 2019 – The Dodge Momentum Index retreated 4.6% in July to 138.9 (2000=100), down from the revised June reading of 145.6. 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 lower reading for the Momentum Index in July was due to a 10.2% pullback by its institutional segment following a 6.0% increase in June. The commercial segment in July was basically flat, slipping a slight 0.3%.
After peaking in July 2018, the Momentum Index has generally receded, with the latest month’s drop consistent with that trend. Compared to a year ago, the Momentum Index in July 2019 was down 11.6%, with its commercial segment down a steep 17.4% while its institutional segment was down a relatively modest 1.8%. Much of the decline for the Momentum Index over the past year took place during the latter half of 2018, as December was reported 10.6% below the July 2018 peak. Since then, the descent for the Momentum Index has been more gradual, with the July 2019 reading down just 1.2% from last December.
In July, there were 13 projects each with a value of $100 million or more that entered planning, made up of nine commercial projects and four institutional projects. The leading commercial projects were a $370 million warehouse and cargo facility at the Anchorage AK International Airport and a $290 million mall redevelopment in Raleigh NC. The leading institutional projects were both healthcare facilities – a $230 million hospital in Albuquerque NM and a $200 million hospital in Pensacola FL.
Dodge Construction Network 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 construction 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 construction ecosystem.
Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction. To learn more, visit construction.com
Cailey Henderson | 104 West Partners | firstname.lastname@example.org
Sign up for any of our e-newsletters and receive key insights and industry trends
Thank you for your submission. You are now subscribed.
Call Dodge today at: 1-877-784-9556
Fill out the form below to get the information on Dodge Construction Central
Thank you for your interest. We will reach out to you shortly.