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Dodge Momentum Index Shows Rise in Institutional Planning

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 rec ....

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Large Increase in Institutional Building Planning Pushes Dodge Momentum Index Upward

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 ....

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This Week's Chicago Deal Sheet (May 5, 2021)

Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords.
The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance.
“With so much delinquent rent, many housing providers lack the funds to continue to maintain their properties,” NBOA President Michael Glasser said in a press release. ....

Des Plaines , United States , Windy Point , Oak Brook , North Lake , Lincoln Square , San Diego , Mount Prospect , Arlington Heights , North Clinton , Baptist Theological Seminary , San Francisco , Glendale Heights , Blue Island , Mary Riordan , Angelo Caputo , Robert Elbrecht , Alpha Omega , Charles Canale , Matt Carolan , Jeff Janda , Tim Gallagher , Keith Largay , Burns Mcdonnell , Andrean Angelov , Meredith Oconnor ,

Twin Cities construction activity grows just 1% in March

Growth stymied by steep declines in nonresidential construction ....

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March Resi Construction Starts Up 40%, Commercial Down 2%

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