Dodge Momentum Index Gains 9.1% In May
June 7, 2021
Commercial Planning Bounces Back In May 🙂
The Dodge Momentum Index gained by 9.1% in May, moving to 178.0. This was up from the revised April reading of 163.2. The commercial component of the index jumped by 15.5%. The institutional component, which has led gains in recent months, lowered by just 0.3%.
|Dodge Momentum Index||178.0||163.2||9.1%|
Commercial planning saw its strongest month-to-month increase since October 2017.
Describing market conditions, Dodge Data & Analytics stated, “The rising trend in planning activity is a good sign that the economic recovery is starting to spread into the construction sector. However, these projects are unlikely to have an impact on construction starts this year. Rising material prices and a continued shortage of skilled labor have led to project delays. On the upside, construction starts are shaping up for a healthy increase in 2022.”