Economy
June 7, 2017
Dodge Momentum Index Recovers in May
Written by Sandy Williams
The Dodge Momentum Index gained 4 percent in May posting a score of 139.1 after slipping to a revised 133.7 in April. Commercial projects in planning increased 4.8 percent while institutional project planning was up 2.9 percent, recovering partially from April’s 12.0 percent decline.
Despite signs of weakening occupancies and rents, the commercial component of the index indicates 2017 will continue to see construction activity continue to rise, said Dodge. At the end of first quarter, institutional planning was up 21 percent from the end of 2016 and Dodge expects the sector to continue its upward trend.
