Steel Markets
August 12, 2015
Dodge Index Back to Rising Trend
Written by Sandy Williams
Building planning increased in July according to the Dodge Momentum Index published by Dodge Data & Analytics. The Index, which is a monthly measure of the initial report for nonresidential building projects in planning, rose 5.4 percent to a reading of 125.3 from 118.9 in June.
After see-sawing in the first half of the year, the Index has returned to the rising trend it showed during the past four years. According to Dodge Analytics, “Improving real estate market fundamentals in the commercial sector and increased bond-related funding for institutional projects should continue to exert a positive influence over the Index through the remainder of 2015.”
