Dodge Momentum Index Improves in July
August 7, 2012

The Dodge Momentum Index (Year 2000=100)
  June 2012 July 2012 Percent Change
Nonresidential Building 91.4 98.8 +8.1%
Commercial Building 88.5 95.0 +7.3%
Institutional Building 95.1 103.7 +9.0%
Source: McGraw-Hill Construction

The Dodge Momentum Index rose 8.1 percent in July after retreating a revised 2.4 percent in June, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning.

The Momentum Index for July came in at 98.8, up from June's revised level of 91.4.

According to the latest report, both the commercial and institutional components of the Dodge Momentum Index rose in July. The institutional building segment of the Momentum Index increased 9 percent in July after an 11.2 percent decline in June.

The group also reports an uptick in new planning projects for education buildings ( up 5.8 percent). The commercial building segment of the Momentum Index rose 7.3 percent in June.

Subscribe to USGlass magazine.
Subscribe to receive the free e-newsletter.