Dodge Momentum Index Falls in November

NEW YORK, Dec. 7, 2015 /PRNewswire/ -- The Dodge Momentum Index fell 3.7% in November to 119.9 (2000=100) from its October reading of 124.5. 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. Previously, the Index had posted large month-to-month increases in July (+4.6%) and September (+4.9%). The loss of momentum seen in October and again in November is returning the Index to a level that's more consistent with the gentle upward trend in planning activity that began in 2012. The decline in November for the overall Index was the result of a 10.2% slide in commercial planning activity, while projects entering planning in the institutional sector increased by 5.3%.

There were a total of seven projects entering planning in November, each with a value that exceeded $100 million. For the commercial building sector, the leading projects were a $160 million office building in Boston MA and a $130 million retail project in Somerville MA. For the institutional building sector, the leading projects were a $325 million alteration of the American Museum of Natural History in New York NY and a $238 million hospital in Chula Vista CA.

About Dodge Data & Analytics: Dodge Data & Analytics is the leading provider of data, analytics, news and intelligence serving the North American construction industry. The company's information enables building product manufacturers, general contractors and subcontractors, architects and engineers to size markets, prioritize prospects, target and build relationships, strengthen market positions, and optimize sales strategies. The company's brands include Dodge, Dodge MarketShare™, Dodge BuildShare®, Dodge SpecShare®, and Sweets. To learn more, visit www.construction.com.

Media Contact: Susan Peterson, Marketing | Communications, Dodge Data & Analytics, +1-347-523-4570, [email protected]

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SOURCE Dodge Data & Analytics