Rock Products Logo
Now Incorporating Aggregates Manager
 

 

 
 

ANNUAL READER SURVEY

Help Rock Products understand the state of the industry and the needs of our readers by completing our annual Reader Survey.

It only takes 10 minutes and your answers will help guide us as we plan our content for the upcoming years.

Start Survey

 

Dodge Momentum Index Starts 2020 on the Downside


The Dodge Momentum Index fell 2.7% in January to 152.5 (2000=100) from the revised December reading of 156.7, snapping a four-month streak of gains. 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. 

The decline in the overall Momentum Index was the result of an 11.0% drop in the institutional component, more than offsetting a 2.7% gain in the commercial component.

A similar pattern exists when comparing year-over-year growth in the components of the Index. The institutional component was down 7.4% when compared to January 2019 while the commercial component was 17.4% higher than a year ago. These conflicting trends pushed the overall Momentum Index up 7.1% from January 2019.

In January, 10 projects each with a value of $100 million or more entered planning. The leading commercial projects were a $200 million parking garage in the Bronx, N.Y., and the $160 million first phase of the Palomino Business Park in Norco, Calif. The leading institutional projects were the $500 million Good Samaritan Hospital expansion in West Islip, N.Y., and the $250 million Anschutz Medical Campus in Aurora, Colo.