Dodge Momentum Index Rose 1 7% in March floordaily.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floordaily.net Daily Mail and Mail on Sunday newspapers.
April 13, 2021
The Dodge Momentum Index moved 1.7 percent higher in March to 151.4 (2000=100) from the revised February reading of 148.8. 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. According to the March data, the Index hit its highest level since the summer of 2018 as a result of an increase in institutional projects that entered the planning stage, and which came on the heels of a similar gain for the sector in February.
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Dodge Data & Analytics
The Dodge Momentum Index, a measure of the first report for nonresidential building projects in planning, hit its highest level since the summer of 2018, climbing 1.7% higher in March to 151.4 (2000=100) vs. the revised February reading of 148.8. Year-over-year, the Index was up 11% in March 2021 compared to March 2020, when the construction industry was just beginning to feel the impacts of the COVID-19 pandemic.
Dodge Data & Analytics, which issues the monthly Index, attributes March’s rise to an increase in institutional projects that entered the planning stage, after a similar gain for the sector in February. While healthcare and lab projects continue to lead institutional planning, March saw a more broad-based selection of project types, including education and recreation buildings. Institutional building construction rose 14.0% from February and 10% in year-over-year comparisons. Commercial construction dipped 3.9% in March due to a slight
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