NEW YORK, Feb. 5, 2016 /PRNewswire/ -- The Dodge Momentum
Index rose 2.4% in January to 126.4 (2000=100) from its December
reading of 123.4. 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. The increase in January
was the result of a 3.3% increase in institutional projects, and a
1.6% increase in commercial projects. On a year-over-year basis,
the overall Index is 1.7% higher even though the commercial portion
is down 6.8%. Commercial planning intentions started 2015 on an
aggressive note before settling back by mid-year. Over the most
recent few months commercial planning has been following a saw
tooth pattern, but the overall trend has been positive as most
commercial real estate fundamentals are improving. The
institutional index on the other hand started 2015 on a weak note,
but improved throughout the year and is now 14.0% higher than one
year ago.
In January, 10 projects entered planning with a value that
exceeded $100 million. For the
commercial building sector, the leading projects were a
$270 million convention center hotel
in San Diego CA and a $140 million office and retail building in
Atlanta, GA. For the institutional
building sector, the leading projects were a $160 million renovation and addition at a USDA
lab in Athens GA and a
$150 million hospital expansion in
Corpus Christi TX.
Dodge Momentum
Index
(Year 2000=100)
|
|
|
Jan-16
|
Dec-15
|
%
Change
|
|
|
|
|
|
|
|
|
Dodge Momentum
Index
|
126.4
|
123.4
|
2.4%
|
|
|
|
|
|
|
|
|
Commercial
Building
|
123.8
|
121.8
|
1.6%
|
|
|
|
|
|
|
|
|
Institutional
Building
|
129.7
|
125.5
|
3.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Source: Dodge Data
& Analytics
|
|
About Dodge Data & Analytics: Dodge Data &
Analytics is the leading provider of data, analytics, news and
intelligence serving the North American construction industry. The
company's information enables building product manufacturers,
general contractors and subcontractors, architects and engineers to
size markets, prioritize prospects, target and build relationships,
strengthen market positions, and optimize sales strategies. The
company's brands include Dodge, Dodge MarketShare™, Dodge
BuildShare®, Dodge SpecShare®, and Sweets. To learn more, visit
www.construction.com.
Media Contact: Susan Peterson, Marketing |
Communications, Dodge Data & Analytics, +1-347-523-4570,
susan.peterson@construction.com
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SOURCE Dodge Data & Analytics