Dodge Momentum Index Loses September Gain

Although the Dodge Momentum Index has been on a generally upward trend this year, it has been a roller coaster ride. The Index took a large leap of 5.2 percent in September which was nearly reversed by a decline of 4.8 percent in October. Both commercial building and institutional building indexes declined last month by 5.0 percent and 4.5 percent, respectively.

Dodge says month-to-month volatility is “reminiscent of this sectors’ upturn in the early stages of its prior recovery back in the previous decade.”