Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Dodge Momentum Index Loses Steam in August By: Dodge Data & Analytics via Business Wire September 08, 2021 at 09:30 AM EDT Commercial and institutional planning down for the third consecutive month in August The Dodge Momentum Index dropped 3% in August to 148.7 (2000=100) from the revised July reading of 154.0. The Momentum Index, issued by Dodge Data & Analytics, 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210908005014/en/AUGUST 2021 DODGE MOMENTUM INDEX (Graphic: Business Wire) The commercial planning component lost 2% in August, while the institutional component fell by 6%. Projects entering the earliest stages of planning have declined following the torrid pace set in the spring. The decline in August was the third consecutive drop in the Momentum Index, which is now off 14% from the most recent high in May, since May the commercial component is down 10% and the institutional component is 22% lower. This reversal comes as prices for materials used in nonresidential buildings increase in combination with a shortage of labor and a rising number of new COVID-19 cases from the Delta variant, all working in concert to undermine confidence in the fledgling construction recovery. There were some pockets of strength in August, however, as more data center, education and warehouse projects moved into planning relative to the prior month. Additionally, the overall level of the Momentum Index is 19% higher than one year ago; institutional planning was up 17% and commercial planning was 20% higher than last year. A total of 21 projects with a value of $100 million or more entered planning during August. The leading commercial projects were a pair of $165 million Google Data Centers in New Albany, OH, and Lancaster, OH. The leading institutional projects were the $158 million Sentara Albemarle Medical Center in Elizabeth City, NC and the $140 million Apex Outpatient Center in Cleveland, OH. Despite the recent declines in the Momentum Index, it is still too early to call this a retrenchment or a new cyclical downturn. Demand for nonresidential buildings remains weak, but the recent rising number of new COVID cases should not cause the same amount of disruption as previous waves did. As the economy continues to trudge forward, momentum will return to the construction sector and moderate growth in projects entering planning will return. About Dodge Data & Analytics Dodge Data & Analytics is North America's leading provider of commercial construction project data, market forecasting & analytics services, and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company's construction project information is the most comprehensive and verified in the industry. As of April 15th, Dodge Data & Analytics and The Blue Book -- the largest, most active network in the U.S. commercial construction industry -- combined their businesses in a merger. The Blue Book Network delivers three unparalleled databases of companies, projects, and people. Dodge and The Blue Book offer 10+ billion data elements and 14+ million project and document searches. Together, they provide a unified approach for new business generation, business planning, research, and marketing services users can leverage to find the best partners to complete projects and to engage with customers and prospects to promote projects, products, and services. To learn more, visit construction.com and thebluebook.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005014/en/Contacts Eric Becker | 104 West Partners | eric.becker@104west.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Dodge Momentum Index Loses Steam in August By: Dodge Data & Analytics via Business Wire September 08, 2021 at 09:30 AM EDT Commercial and institutional planning down for the third consecutive month in August The Dodge Momentum Index dropped 3% in August to 148.7 (2000=100) from the revised July reading of 154.0. The Momentum Index, issued by Dodge Data & Analytics, 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210908005014/en/AUGUST 2021 DODGE MOMENTUM INDEX (Graphic: Business Wire) The commercial planning component lost 2% in August, while the institutional component fell by 6%. Projects entering the earliest stages of planning have declined following the torrid pace set in the spring. The decline in August was the third consecutive drop in the Momentum Index, which is now off 14% from the most recent high in May, since May the commercial component is down 10% and the institutional component is 22% lower. This reversal comes as prices for materials used in nonresidential buildings increase in combination with a shortage of labor and a rising number of new COVID-19 cases from the Delta variant, all working in concert to undermine confidence in the fledgling construction recovery. There were some pockets of strength in August, however, as more data center, education and warehouse projects moved into planning relative to the prior month. Additionally, the overall level of the Momentum Index is 19% higher than one year ago; institutional planning was up 17% and commercial planning was 20% higher than last year. A total of 21 projects with a value of $100 million or more entered planning during August. The leading commercial projects were a pair of $165 million Google Data Centers in New Albany, OH, and Lancaster, OH. The leading institutional projects were the $158 million Sentara Albemarle Medical Center in Elizabeth City, NC and the $140 million Apex Outpatient Center in Cleveland, OH. Despite the recent declines in the Momentum Index, it is still too early to call this a retrenchment or a new cyclical downturn. Demand for nonresidential buildings remains weak, but the recent rising number of new COVID cases should not cause the same amount of disruption as previous waves did. As the economy continues to trudge forward, momentum will return to the construction sector and moderate growth in projects entering planning will return. About Dodge Data & Analytics Dodge Data & Analytics is North America's leading provider of commercial construction project data, market forecasting & analytics services, and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company's construction project information is the most comprehensive and verified in the industry. As of April 15th, Dodge Data & Analytics and The Blue Book -- the largest, most active network in the U.S. commercial construction industry -- combined their businesses in a merger. The Blue Book Network delivers three unparalleled databases of companies, projects, and people. Dodge and The Blue Book offer 10+ billion data elements and 14+ million project and document searches. Together, they provide a unified approach for new business generation, business planning, research, and marketing services users can leverage to find the best partners to complete projects and to engage with customers and prospects to promote projects, products, and services. To learn more, visit construction.com and thebluebook.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005014/en/Contacts Eric Becker | 104 West Partners | eric.becker@104west.com
The Dodge Momentum Index dropped 3% in August to 148.7 (2000=100) from the revised July reading of 154.0. The Momentum Index, issued by Dodge Data & Analytics, 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210908005014/en/AUGUST 2021 DODGE MOMENTUM INDEX (Graphic: Business Wire) The commercial planning component lost 2% in August, while the institutional component fell by 6%. Projects entering the earliest stages of planning have declined following the torrid pace set in the spring. The decline in August was the third consecutive drop in the Momentum Index, which is now off 14% from the most recent high in May, since May the commercial component is down 10% and the institutional component is 22% lower. This reversal comes as prices for materials used in nonresidential buildings increase in combination with a shortage of labor and a rising number of new COVID-19 cases from the Delta variant, all working in concert to undermine confidence in the fledgling construction recovery. There were some pockets of strength in August, however, as more data center, education and warehouse projects moved into planning relative to the prior month. Additionally, the overall level of the Momentum Index is 19% higher than one year ago; institutional planning was up 17% and commercial planning was 20% higher than last year. A total of 21 projects with a value of $100 million or more entered planning during August. The leading commercial projects were a pair of $165 million Google Data Centers in New Albany, OH, and Lancaster, OH. The leading institutional projects were the $158 million Sentara Albemarle Medical Center in Elizabeth City, NC and the $140 million Apex Outpatient Center in Cleveland, OH. Despite the recent declines in the Momentum Index, it is still too early to call this a retrenchment or a new cyclical downturn. Demand for nonresidential buildings remains weak, but the recent rising number of new COVID cases should not cause the same amount of disruption as previous waves did. As the economy continues to trudge forward, momentum will return to the construction sector and moderate growth in projects entering planning will return. About Dodge Data & Analytics Dodge Data & Analytics is North America's leading provider of commercial construction project data, market forecasting & analytics services, and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company's construction project information is the most comprehensive and verified in the industry. As of April 15th, Dodge Data & Analytics and The Blue Book -- the largest, most active network in the U.S. commercial construction industry -- combined their businesses in a merger. The Blue Book Network delivers three unparalleled databases of companies, projects, and people. Dodge and The Blue Book offer 10+ billion data elements and 14+ million project and document searches. Together, they provide a unified approach for new business generation, business planning, research, and marketing services users can leverage to find the best partners to complete projects and to engage with customers and prospects to promote projects, products, and services. To learn more, visit construction.com and thebluebook.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005014/en/
