The December Dodge Momentum Index:
– Grew by 2.9% in December to 136.7 from a revised November measure of 132.8
– Commercial sector rose 5.7%, which was offset a 1.7% slip in institutional planning
For the year 2016 Dodge Momentum Index:
Stands at an eight-year high, but remains 25% lower than its 2007 apex.
Commercial planning climbed 38% while Institutional planning after a strong 2015 lost 6%.
According to Dodge Data & Analytics, this suggests that commercial construction activity has more room to grow in 2017 despite being at a more mature phase of its cycle, while planning in the institutional sector has yet to see the benefit of the numerous education-related bond measures passed in recent years.
