Dodge Momentum Index Gets Commercial Construction Boost

The Dodge Momentum Index, a measure of the first report for nonresidential construction projects in planning, gained 3.1% in January to register 139.4 The commercial component of the index jumped 9.9% offsetting an 11.7% decrease in the institutional component.

“January’s increase marked the highest level in the Momentum Index since the COVID-19 pandemic began,” said Dodge Data & Analytics. “While certainly positive news, the Momentum Index is also sending a warning that the construction sector’s recovery may be very uneven in the months ahead.”