DMI: Dodge Momentum Index Dips in October

The Dodge Momentum Index fell 4.8 percent in October to 125.2 after a strong September reading of 131.5, according to Dodge Data & Analytics. The decline nearly reverses September’s gain of 5.2 percent, which had been bolstered by a sharp incline for institutional building projects at the planning stage.

Dodge Momentum Index November 2015 - October DataThe institutional building sector so far in 2015 has trended upward but with some volatility on a month-to-month basis. In October, planning for institutional building projects dropped 4.5 percent after surging 10.6 percent in September, while commercial building projects retreated 5.0 percent after September’s 1.7-percent gain. Compared to the same month a year ago, the Momentum Index in October was still up 4.8 percent, with increases for both the commercial and institutional sectors, up 6.3 percent and 2.6 percent, respectively.

Eight projects with a value that exceeded $100 million entered planning in October. For the commercial building sector, the leading projects were a $500 million mixed-use facility at the Mall of America in Minneapolis, and a $151 million warehouse and distribution complex in Newark, N.J. For the institutional building sector, the leading projects were a $350 million hospital in Washington, D.C., and a $110 million hospital in Bethesda, Md.

Source: USGlassMag.com