Despite August Dip, DMI Up Year-Over-Year
September 11, 2017
The Dodge Momentum Index (DMI) dropped for a second consecutive month in August, falling 2.4 percent.
The Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These have been shown to lead construction spending for nonresidential buildings by a full year.
August’s decline reflects an 8.7 percent dip commercial planning. Although commercial planning has enjoyed a broad rise over the past year, it has fallen three consecutive months.
Meanwhile, the institutional component rose 7.3 percent, a significant rebound from July’s 9.1 percent drop.
On year-over-year basis, the Index is up 0.3 percent. Commercial planning is down 1.2 percent versus last August, while Institutional planning is up 2.3 percent.
In other economic news, the August jobs report, issued by the Bureau of Labor Statistics, showed an increase of 28,000 jobs in the construction sector. The number had shown little change over the previous five months.
Architecture Billing Index Continues Steady Ascent
August 28, 2017
The Architecture Billing Index (ABI) increased for the sixth consecutive month in July as growth in demand for design services continued.
The ABI is seen as an indicator of future construction spending over the next 9 to 12 months. Any …
Hurricane Season May Be Extremely Active
August 14, 2017
The National Oceanic and Atmospheric Administration (NOAA) this week updated its forecast for the 2017 hurricane season. The outlook is not particularly sunny.
NOAA is now saying the season “has the potential to be extremely active and could be the …
Volatility Continues With Dodge Momentum Index
August 8, 2017
The Dodge Momentum Index (DMI) dipped in July, just another hiccup after a series of advances.
Despite falling 3.3 percent in the month, the Index is 6.9 percent higher than it was a year ago.
The Dodge Momentum Index is …
Good Times Continue for U.S. Architecture Firms
July 20, 2017
In news that bodes well for the construction industry, U.S. architecture firms enjoyed a fifth consecutive month of increased demand for design services in June.
June’s reading of the Architecture Billings Index (ABI), a leading economic indicator of construction activity, …
Dodge Momentum Index Continues Its Advance
July 11, 2017
The Dodge Momentum Index advanced again in June, led by a 4.8 percent increase in the institutional component.
Overall, the Momentum Index crept up 1.1 percent to 141.1, from its revised May reading of 139.6. The Index is a monthly …
Architecture Billings Index Continues Upward March
June 22, 2017
The Architecture Billings Index showed an increase in billings for the fourth consecutive month, bringing another boost in optimism to the architecture and construction industries.
The Index, reported by the American Institute of Architects, came in at 53 for May, …
Dodge Momentum Index Registers May Jump
June 9, 2017
Led by a burst in the commercial component, the Dodge Momentum Index jumped 4 percent in May.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These have been shown …
Dodge Momentum Index Incurs Dip In April
May 8, 2017
An off month in the Institutional sector led to dip in the Dodge Momentum Index for April.
The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning. These reports have been shown to …
Graham Adds Three, Promotes One
May 2, 2017
Graham Architectural Products (GAP) announces a promotion and two new hires, and Graham’s Curtain Wall Solutions division announces another hiring.
Derek Ober has been promoted to project manager at GAP, while Taylor Graby has been hired as assistant project manager …