Steel Markets
Dodge Momentum Index Shows Nonresidential Planning Increasing
Written by Sandy Williams
March 8, 2017
The Dodge Momentum Index jumped 1.6 percent to 144.0 in February. The index, a measure of the initial planning for nonresidential building projects, made the gain from January due to an increase in institutional building activity.
Planning for institutional buildings rose 4.4 percent last month while commercial planning dipped 0.3 percent. Dodge Data & Analytics says the overall trend indicates increased activity despite volatile month-to-month reports for the individual sectors. The Momentum Index has recorded increases for five consecutive months.
The Index was up 22 percent on year-over-year basis with commercial planning showing a gain of 28 percent and institutional planning up 15 percent.
Four projects valued over $100 million entered the planning stage in February.
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Sandy Williams
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