NEW YORK - May 6, 2016 - The Dodge Momentum Index rose 0.6% in April to 116.5 from its revised March reading of 115.8 (2000=100). 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 construction spending for nonresidential buildings by a full year. April’s gain was due to increased planning activity for both commercial and institutional building, with commercial planning moving 0.8% higher and institutional planning rising 0.4%. Over the last eight months institutional planning has been on somewhat of a roller coaster ride – making impressive gains through early 2016 before falling 16% last month. With April’s slight gain, institutional planning is now 7% above its year-ago level, which suggests that despite volatility on a month-to-month basis the sector’s recovery is continuing. The overall Index is essentially even with its April 2015 level, due to a subdued pace for commercial planning relative to a year ago.
In April, six projects entered planning with a value that exceeded $100 million. For the commercial building sector, the leading projects were a $225 million hotel in Anaheim CA and a $200 million warehouse in Jacksonville FL. For the institutional building sector, the leading projects were a $500 million expansion to the Los Angeles County Museum of Art in Los Angeles CA and a $163 million outpatient health center in Tahlequah OK.
Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry.
As of April 15th, Dodge Data & Analytics and The Blue Book -- the largest, most active network in the U.S. commercial construction industry -- combined their businesses in a merger. The Blue Book Network delivers three unparalleled databases of companies, projects, and people.
Dodge and The Blue Book offer 10+ billion data elements and 14+ million project and document searches. Together, they provide a unified approach for new business generation, business planning, research, and marketing services users can leverage to find the best partners to complete projects and to engage with customers and prospects to promote projects, products, and services. To learn more, visit: construction.com and thebluebook.com.
Eric Becker | 104 West Partners | firstname.lastname@example.org
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