Association of the Wall and Ceiling Industry Logo

Dodge Momentum Index Falls in January

The Dodge Momentum Index fell 4.8 percent in January to 121.1 (2000=100), down from a revised 127.2 in December, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. During the final three months of 2014 the Momentum Index had jumped 11.7 percent, so while January’s 4.8 percent drop showed decreased activity relative to December, it was still in line with the moderate if at times hesitant upward trend that’s been present over the past three years. Compared to the same month a year ago, January’s Momentum Index was up 5.8 percent.


January’s decline for the Momentum Index relative to December was the result of decreased planning activity in both the commercial and institutional sectors. The institutional sector fell 10.2 percent, while the commercial sector edged down 0.4 percent. There were three commercial building projects exceeding $100 million that entered planning during the latest month: the $150 million Park District Office Building in Dallas, a $149 million office building in New York City and the $100 million Union Place mixed-use development in Mahopac, N.Y. There were four institutional projects over $100 million that entered planning during January, notably the $210 million UCF Downtown Campus (Creative Village) in Orlando, Fla.

Browse Similar Articles

You May Also Like

The U.S. Department of Labor announced a final rule clarifying the rights of employees to authorize a representative to accompany an Occupational Safety and Health Administration compliance officer during an inspection of
New research has ranked the United States’ most populated industries and estimated what their pay could look like in 2033, in line with inflation, and the results are surprising.
AWCI's Construction Dimensions cover

Renew or Subscribe Today!