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The Dodge Momentum Index rose to 125.3 (2000=100) in July, up 5.4% from its June reading of 118.9.
Dodge Momentum Index Rebounds on Strong Institutional, Commercial Construction Gains
The nonbuilding construction sector provided much of the lift, given an exceptionally strong amount reported for the electric power and gas plant category, which reflected a massive liquefied natural gas (LNG) export terminal project in Texas being entered as a May start. Residential building showed modest improvement in May, helped by more multifamily housing, while nonresidential building fell sharply from its heightened April volume.
Construction Starts Climb 3% Boosted by Nonbuilding Construction Sector
After rising over the course of 2014, the Index thus far in 2015 has been basically flat, consistent with other measures highlighting sluggish economic conditions.
Dodge Momentum Index Remains Flat in 2015
The value of new construction starts in April increased 10% from the previous month to a seasonally adjusted annual rate of $698.7 billion raising the Dodge Index to 148 compared to 134 in March 2015.
New Construction Starts Up 10% in April
April’s timid rise shows planning activity beginning to edge up after retreating 2.5% in March, continuing the up-and-down pattern present so far in 2015.
Building Momentum Index Edges Up in April
Nearby active construction projects are displayed as “job dots” on a map, and contractors can instantly find out not only where the job is but also when it is, job size, project stage, construction type and bid date.
ForConstructionPros App of the Week: Construction Nearby
04082015 DodgeMoChart 552575cb475ac
Dodge Momentum Index Dips 2.1% in March
Video: How Construction Nearby Mobile App Helps Contractors Find Jobs for Bid in Their Area
Video: How Construction Nearby Mobile App Helps Contractors Find Jobs for Bid in Their Area
Despite the volatility that is sometimes visible in planning data, the overall trend for the Index continues to be positive, painting the picture of a broad-based yet still moderate recovery for nonresidential building projects at the planning stage.
Dodge Momentum Index Rises with Increased Planning Activity in Commercial, Institutional Sectors
The January statistics raised the Dodge Index to 131 (2000=100), compared to 120 for December although still short of the most recent high of 143 reached in November.
New Construction Starts Climb 9% in January
Compared to the same month a year ago, January’s Momentum Index was up 5.8%.
January Dodge Momentum Index Falls after Jump at End of 2014
Following a 13% increase in November, new construction starts in December retreated 16% to a seasonally adjusted annual rate of $568.2 billion.
Total Construction Starts for 2014 Continued Upward Trend Climbing 7%
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