Dodge Momentum Index Dips in November

The Dodge Momentum Index contracted in November following a 10.0% expansion the month prior. The index registered 171.7 in November, a 4.0% decline against the revised October reading of 178.1, according to data and analytics from the Dodge Construction Network.

construction The value of nonresidential building projects continues to move in a sawtooth pattern, alternating between a month of gains followed by a loss. In November, commercial planning fell 8.0% while institutional planning moved 5.0% higher. Since the pandemic began, nonresidential building projects entering planning have been more volatile than in past cycles, likely driven by increased challenges from higher prices and lack of labor, said Dodge.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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