Dodge Momentum Index Advances Again

March 8, 2017

The Dodge Momentum Index rose 1.6 percent in February, marking its fifth consecutive monthly advance.

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.

Institutional planning jumped 4.4 percent in February, offsetting an 0.3 percent decrease in commercial planning.

According to Dodge, the underlying components continue to be volatile on a month-to-month basis with large projects swaying the data.

However, the company said in its release, the overall trend is rising. On a year-over-year basis the Momentum Index is 22 percent higher, with commercial planning up 28 percent and institutional planning ahead by 15 percent. This, according to Dodge, suggests that construction activity will continue to see further growth as the year progresses.

January’s ABI Sends Mixed Signals

February 22, 2017

The Architecture Billings Index (ABI) delivered a mixed message to start the new year, with January’s reading coming in at 49.5, well below December’s 55.9.
The ABI is an indicator of future construction spending, as design services typically foretell new projects with a lead time of nine-to-12 months. Any ABI score above 50 indicates a rise …

Strong Start To 2017 For DMI

February 9, 2017

The new year is off to a good start with the Dodge Momentum Index rising 3.9 percent in January.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports have been shown to lead construction spending for nonresidential buildings by a full year.
Institutional …

Architectural Billings Index Ends 2016 On High Note

January 23, 2017

The Architectural Billings Index bid a sweet farewell to 2016, with December’s 55.9 reading showing a sharp increase from November’s 50.6 and reflecting a third consecutive month of growth in design billings.
Since design services typically lead to new projects, the ABI is an indicator of future construction spending. Although all scores above 50 indicate …

Dodge Momentum Index at Eight-Year High

January 10, 2017

The Dodge Momentum Index jumped in December to end the year on an eight-year high.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. They have been shown to lead construction spending for nonresidential buildings by a full year.
The Index advanced 2.9 percent in …

Architecture Billings Index Advances In November

December 21, 2016

For the second month in a row, the Architecture Billings Index showed a small increase in demand for design services.
Following the contraction revealed in August and September’s Index readings, November’s 50.6 showed little change from October’s 50.8. 
The ABI reflects the nine-to-12-month lead time between architecture billings and construction spending. Any score above …

More Good News On The Economic Front

December 8, 2016

For the tenth time in the past 12 months, the Dodge Momentum Index advanced, rising 0.3 percent in November.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports have been shown to lead construction spending for nonresidential buildings by a full year.
Overall, …

Glass-Maker Guardian Industries Acquired by Koch Industries

November 22, 2016

Monday’s acquisition of Guardian Industries Corp. by KGIC Merger Corp., a wholly owned subsidiary of Koch Industries, portends well for the industry.
Michael Collins, managing director with Building Industry Advisors LLC in Chicago, told the US Glass News Network that the deal is a very positive sign for the glass industry.
“First, while the Koch …

Slight Jump for Architecture Billings Index

November 17, 2016

The Architecture Billing Index (ABI) showed renewed life in October after staggering through consecutive months of decline for the first time in four years.
The ABI, considered a leading economic indicator, reflects the lead time between architecture billings and construction, which can be up to a year.
October’s ABI was 50.8 (any score above 50 …

Construction Planning Rebounds in October

November 8, 2016

Construction planning rebounded in October as the Dodge Momentum Index climbed 4.1 percent from its revised September reading.
The Index, according to Dodge, is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These reports have been shown to lead construction spending for nonresidential buildings by a full year.
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