Dodge Momentum Index Suffers September Slip
October 10, 2016
The Dodge Momentum Index slipped 4.3 percent in September with weakness reflected in both the commercial and institutional sectors.
The index, from Dodge Data & Analytics, is a monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
A 5.3 percent drop in institutional planning coupled with a 3.6 percent decrease in commercial planning led to the decline, which snapped a streak of five consecutive months of gains.
The index remains 5.1 percent higher than a year ago, with the institutional component up 5.4 percent over its September 2015 reading, and the commercial component up 4.9 percent. According to Dodge, this indicates developers continue to move plans forward despite economic and political uncertainty.
In other economic news, the U.S. Bureau of Labor Statistics reported last week that while total nonfarm payroll employment increased by 156,000 in September, figures for the construction sector showed little change.
ABI Takes an August Breather
September 22, 2016
After reflecting growth for six consecutive months, the Architecture Billings Index took a slight breather in August, coming in at 49.7. Any score under 50 indicates a decrease in design services from the previous month.
The AIA said that while …
Sunny Outlook Continues for Nonresidential Construction
September 9, 2016
The Dodge Momentum Index climbed again in August, marking its fifth consecutive monthly advance and matching its longest streak since a five-month march spanning the end of 2012 through the beginning of 2013.
The Momentum Index is a monthly measure of …
July ABI Points To Continued Construction Growth
August 23, 2016
Despite a slight dip in July, the Architecture Billings Index stayed positive for the sixth consecutive month, suggesting continued growth in the construction sector.
The Index, a leading economic indicator of construction activity, reflects monthly surveys of AIA member firms …
Dodge Momentum Index Inches Forward In July
August 8, 2016
The Dodge Momentum Index increased slightly during the month of July, marking the fourth consecutive month of increases and the first such four-month streak since 2014.
The Index is a monthly measure of the first (or initial) report for nonresidential …
PPG Sells Assets of Flat Glass Business to Vitro
July 22, 2016
PPG yesterday announced that it is selling the assets of its flat glass manufacturing and glass coatings operations to Vitro, a Mexico-based manufacturer of flat glass and specialty products. The transaction is expected to close by the end of 2016.
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June’s Architecture Billings Index Portends Continued Construction Growth
July 21, 2016
In a report released this week, the American Institute of Architects reported that architecture firm billings increased in June for the fifth consecutive month.
The Architecture Billings Index (ABI), released monthly by the American Institute of Architects (AIA), reflected additional …
Construction Spending Shows Continued Strength
July 8, 2016
The Dodge Momentum Index jumped 11.2 percent in June, thanks to a 14.6 percent increase in institutional projects and a 7.7 percent increase in pending commercial projects. With the advance, the overall Index is now at its highest level since …
May Brings Solid Jump for Architecture Billings Index
June 29, 2016
The Architecture Billings Index (ABI) registered its highest score in nearly a year in May, reflecting improving conditions in the design and construction industries.
According to the American Institute of Architects, the monthly ABI “is a leading indicator for nonresidential …
Construction Indicator Nudges Higher In May
June 9, 2016
For the construction industry, the good news keeps coming, as the Dodge Momentum Index rose 2.4 percent in May, riding a bump in activity in the commercial sector.
The Momentum Index is a monthly measure of the first (or initial) report …