May 11, 2021
The Dodge Momentum Index posted an 8.6 percent gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March. The Momentum Index, issued by Dodge Data & Analytics, 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. April’s gain marks the fifth consecutive monthly increase, and similar to February and March, was due to a large increase in institutional buildings entering the planning stage while commercial planning eased by less than one percent.
Since hitting its nine-year low in January, institutional planning has rebounded substantially, climbing 77 percent over the last three months. Health care and laboratory projects continue to dominate the sector, pushing institutional planning 50 percent higher on a year-over-year basis. Conversely, the commercial component has slipped in recent month
Dodge Data & Analytics
The Dodge Momentum Index, issued by Dodge Data & Analytics, rose for the fifth consecutive month, climbing 8.6% in April to 162.4 (2000=100) from March’s revised reading of 149.5. The 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. As in February and March, April s gain stems primarily from a sizable increase in institutional buildings entering the planning stage.
Despite hitting a nine-year low in January, institutional planning has climbed steadily over the past three months, rebounding by an impressive 77% and dominated by gains in healthcare and laboratory projects. This has pushed institutional planning 50% higher on a year-over-year basis. But while the recent gains reflect a budding recovery for the sector, the lag between planning and project starts means it is unlikely to be reflecte
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