Dodge Momentum Index Rebounds in November

Dodge Data & Analytics
December 10, 2018
COMMERCIAL, RETAIL, FABRICATION

Commercial starts rebounded in November, according to the Dodge Momentum Index, 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. Compiled by Dodge Data & Analytics, the commercial component of the index jumped 9.4 percent,

While November did see a rebound, the reading is still below readings earlier this year. Buoyed by the commercial increase, the overall Index increased 5.3 percent higher in November.

Read more...