July’s Dodge Momentum Index Sustains Positive Trajectory

Dodge Data & Analytics
August 13, 2018

The commercial segment of the Dodge Momentum Index increased by 3.3 percent in July, part of an overall positive trajectory as the general index reading registered a 1.4 percent uptick in July. The Momentum Index measures 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. 

July’s index registered at 169.8, representing a general rise that has continued since the third quarter of 2017. Strong economic growth and robust occupancies and rents are responsible for the health of construction planning, say Dodge Data analysts, a status not yet altered by rising material costs and interest rates.