The Dodge Momentum Index is a new 12-month leading indicator of construction spending for nonresidential buildings. The unique information is derived from proprietary, first-issued planning reports in the largest database of construction planning projects in the United States–McGraw-Hill Construction’s Dodge Reports (McGraw-Hill publishes Architectural Record).
One-third of the projects in the Dodge database are in planning, and those projects feed the new Dodge Momentum Index. The strength of the new index is that it’s based on actual projects, many of which will become construction starts and generate construction spending. This approach differentiates the Dodge Momentum Index from other indices in the market. And, because the Dodge Reports gather such a large amount of information before projects break ground, the Momentum Index provides a reliable predictor for the U.S. Commerce Department’s nonresidential construction spending data.