NEW YORK – January 9, 2015 – The Dodge Momentum Index
rose in December, increasing 4.0% from arevised 123.8 in November to 128.7 in
December according to Dodge Data & Analytics. 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 Index is currently at its highest
reading since February 2009 and is 17% higher than one year ago. The increases
seen in the Index in 2014 are a signal that the construction recovery will
continue into 2015.
The December rise in the Momentum Index was the result of
greater planning activity in both the commercial and institutional sectors. The
commercial sector rose 4.1%, while the institutional sector increased 3.8%.
There were nine commercial building projects exceeding $100 million that
entered into planning during the month: the $150 million phase 1 of the Google
campus in Boulder, CO, a $150 million retail complex in New Brunswick NJ, the
$135 million Monarch Hotel in Black Hawk CO, a $100 million dollar office tower
in Chicago IL, a $100 million office tower in Sunnyvale CA, and the four phases
of the Cannon House office renewal in Washington DC (each phase valued at $100
million).
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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®, Sweets, Architectural Record, and Engineering
News-Record. To learn more, visit www.construction.com.
Media Contact: Susan Peterson, Marketing, Dodge Data
& Analytics, +1-212-904-3669, susan.peterson@construction.com
Source: Construction.com
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