Dodge: Contractors’ Momentum Slipping as Projects in Planning Slide for Third Straight Month

Commercial and institutional construction planning were down for the third consecutive month in August, causing the Dodge Momentum Index to drop 3%. 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. The commercial planning component lost 2% in August, while the institutional component fell by 6%. READ FULL ARTICLE>>