NEW YORK – September 9, 2019 – The Dodge Momentum Index dropped 1.3% from July to August to 137.8 (2000=100) from the revised August reading of 139.6. 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 drop in September was the result of a 16.6% decline in the institutional component offsetting a 9.1% gain in the commercial component.
On a year-over-year basis, the overall Momentum Index is 10.3% below August 2018, suggesting that construction spending will be settling back as the year progresses. However, most of the decline occurred in 2018 – the Momentum Index has lost only 1.8% since the beginning of 2019, indicating that while construction activity will ease it is not in a freefall. On a year-over-year basis, the institutional component is 22.5% lower, while the commercial component is down 2.4%.
In August, there were 11 projects each with a value of $100 million or more that entered planning. The leading commercial projects were a $215 million office building in Mount Juliet TN and a $200 million Amazon fulfillment center in Memphis TN. The leading institutional projects were a $235 million hospital tower in Salem OR and a $150 million dormitory at the University of South Carolina in Columbia SC.
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
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.