Dodge Momentum Index Rebounds in September

The Dodge Momentum Index saw a sizable increase in September, accelerating by 5.7% last month over the upwardly revised reading for August, according to data and analytics from the Dodge Construction Network. The index registered 183.2 in September, up from 173.4 in August.

The leading index for commercial real estate measures data about planned nonresidential building projects to track spending in the sector. For September, the subcomponents move in parallel, with the institutional component of the Momentum Index rising 11.7% while the commercial component increased by 2.9%.

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

Latest in Steel Markets

Lead Times Mostly Steady on Sheet, Shorten on Plate

CRU: Chinese Car Exports Are Here To Stay, Lessons From Steel

GM’s Higher Earnings Guidance Hinges on Successful Labor Pacts

SDI Posts Narrower Q2 Profit, Says Demand ‘Remains Solid’

Housing Starts Pull Back in June