{"id":16335,"date":"2023-04-30T03:59:17","date_gmt":"2023-04-30T10:59:17","guid":{"rendered":"https:\/\/essential.construction\/news\/dodge-momentum-index-recovers-in-january\/"},"modified":"2023-04-30T03:59:17","modified_gmt":"2023-04-30T10:59:17","slug":"dodge-momentum-index-recovers-in-january","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/dodge-momentum-index-recovers-in-january\/","title":{"rendered":"Dodge Momentum Index Recovers in January"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<div class=\"col-xs-12 col-sm-12 col-md-12\">\n<p>NEW YORK \u2013 February 7, 2019 \u2013 The Dodge Momentum Index rose 4.7% in January to 157.7 (2000=100) from the revised December reading of 150.6. The Momentum Index, issued by Dodge Data &amp; 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. January\u2019s increase reflected similar gains for the two components of the Momentum Index \u2013 institutional building, up 5.0%; and commercial building, up 4.6%.<\/p>\n<p>The January increase essentially reverses December\u2019s decline, and brings the overall Momentum Index back to November\u2019s level. January\u2019s reading is also consistent with the monthly average for the second half of 2018, and just slightly below the current expansion\u2019s high mark set in July 2018. Notably, however, the commercial component remains below the highs set during the summer of 2018, while the institutional component has gained traction as public funding for projects such as schools and transportation terminals remains supportive.<\/p>\n<p>In January, nine projects each with a value of $100 million or more entered planning. The leading commercial building projects were two $300 million CloudHQ data centers in Ashburn VA. The leading institutional building projects were a $235 million arena renovation project in Phoenix AZ and a $140 million academic building at the University of North Carolina in Chapel Hill NC.<\/p>\n<p>\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"-\" class=\"center-block\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/04\/DMI-jan-2019.jpg\"><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.construction.com\/news\/dodge-momentum-index-recovers-january\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK \u2013 February 7, 2019 \u2013 The Dodge Momentum Index rose 4.7% in January to 157.7 (2000=100) from the &#8230; <a title=\"Dodge Momentum Index Recovers in January\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/dodge-momentum-index-recovers-in-january\/\" aria-label=\"Read more about Dodge Momentum Index Recovers in January\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1127],"tags":[1125,345,1126,1128],"class_list":["post-16335","post","type-post","status-publish","format-standard","hentry","category-dodge-data-and-analytics","tag-analytics","tag-business","tag-industry-news","tag-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/16335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=16335"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/16335\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=16335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=16335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=16335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}