Dodge Momentum Index Holds Steady in November
December 10, 2012

The Dodge Momentum Index held steady in November, according to the latest report from 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, which have been shown to lead construction spending for nonresidential buildings by a full year.

The Dodge Momentum Index registered a 92.5 (2000=100) in November, a 0.5-percent increase compared with October’s revised 92.0.

According to the report, the November Index increase can be attributed to an increase for institutional building, which grew by 1.7 percent in November. However, overall commercial construction declined 0.6 percent from October, according to McGraw-Hill.

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