Big Jump in DMI Suggests Continued Growth

December 11, 2017

DMI Still Strong


The Dodge Momentum index surged 13.9 percent in November, extending October’s strong gains.

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.

November’s increase marked the second consecutive month of big advances, following four months of sluggish results. By sector, the commercial component showed a monthly jump of 19.6 percent, while the institutional component increased 5.5 percent.

In the past 12 months, the index has leapt nearly 21 percent. The commercial component has seen an increase of 24 percent, and the institutional side is up 17 percent.

According to Dodge Data and Analytics, the strong showing of the past two months suggests continued expansion in building activity in the coming year.

 

AIA Says Construction Outlook Strong for 2018

November 21, 2017

AIA sees continued construction growth in 2018!

Demand for design services picked up in October at architecture firms nationwide, and the American Institute for Architects says conditions look good for construction activity through 2018.
The Architecture Billings Index (ABI), a monthly reading of design activity, came in at 51.7 in October, up 2.6 points …

Experts Forecast Increase in 2018 Construction Starts

November 10, 2017

Dodge Construction outlook for 2018 looking good!

Total U.S. construction starts for the coming year will increase 3 percent to $765 billion, according to the 2018 forecast provided by Dodge Data & Analytics.
The information was contained in the organization’s 2018 Dodge Construction Outlook, an annual tool for industry business planning.
“The U.S. construction …

DMI Shows Strong October Recovery

November 7, 2017

Dodge Momentum Index rebounded in a big way in October

After three consecutive months of decline, the Dodge Momentum Index rebounded significantly.
The 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 …

September Soft For Architectural Billings Index

October 20, 2017

The Architecture Billings Index (ABI) fell in September, ending a streak of seven consecutive months in which the Index indicated increased demand for design services.
The ABI is a leading economic indicator of construction activity in the U.S., and reflects a nine- to 12-month lead time between architecture billings and construction spending nationally, regionally, and …

DMI Registers September Decline

October 9, 2017

The Dodge Momentum Index dropped in September, falling 8.4 percent. The institutional component led the way with a monthly decline of 11.5 percent.
The Momentum Index is “a monthly measure of the first (or initial) report of nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a …

ABI Climbs for Seventh Consecutive Month

September 21, 2017

With another strong showing in August, the Architectural Billings Index (ABI) has now climbed for seven consecutive months, reflecting continued growth in demand for design services.
The ABI, released each month by the American Institute of Architects, is a leading economic indicator of construction activity. It has been shown to foretell the approximate 9- to …

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 …

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 score over 50 suggests growth.
July’s Index score of 51.9 indicates some moderation in growth, …

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 most active since 2010.” That year, NOAA forecast an 85 percent chance of an above-normal …