Dodge Momentum Index Rises for 2nd Month

The Dodge Momentum index rose 0.6 percent to 125.0 in November according to Dodge Data & Analytics. Dodge attributes the rise to greater planning activity in the commercial sector. Commercial planning rose 4 percent for the month, however, planning activity for the institutional sector fell 3.8 percent.

“After retreating from July through September, the Momentum Index has now registered gains for two consecutive months, indicating that the nonresidential building market continues to trend upward even with the occasional setback,” reported Dodge. “The Momentum Index is now 14% above the same month a year ago, and is at its highest level since early 2009.”