Dodge Momentum Index Gains in June
July 11, 2018
DMI Approaching Ten-Year High
June marked the fifth straight monthly increase for the Dodge Momentum Index, a measure of nonresidential construction projects in planning.
The commercial component rose 1.1% while the institutional component made a smaller 0.3% gain. Overall, the Index grew 0.8% in June bringing it to 165.5, up from the revised May count of 164.2. Construction activity is expected to continue strengthening through the end of 2018.
DMI Makes Slight Gain in May
June 20, 2018
The Dodge Momentum Index rose last month by 1.8% from the revised April reading of 164.9.
The index, a monthly measure of nonresidential construction planning, is an indicator of construction spending trends a year out.
The institutional component dropped by …
Architecture Billings Healthy in April
May 25, 2018
Business Conditions Remain Strong in the West
The Architecture Billings Index rose for the seventh consecutive month in April, making modest gains from the previous month. The April ABI score was 52.0 (any score over 50 indicates billings growth).
Activity …
DMI Climbs in April
May 7, 2018
Dodge Momentum Index Shows Momentum
Both the commercial and institutional components of the DMI moved higher in April, pushing the overall rating up 6.1% from the revised March reading of 153.7.
The commercial component was up 6.3%, rising quicker than …
First Quarter Closes with ABI Growth
April 19, 2018
Project Backlogs Highest Since Recession
“New project activity coming into architecture firms continues to grow at a solid pace. As a result, project backlogs—in excess of six months at present— are at their highest post-recession level,” said American Institute …
Dodge Momentum Index Gains in March
April 9, 2018
DMI Rises 6.1% in March
The Dodge Momentum Index rose 6.1% to 155 last month, erasing a decline in February.
Commercial projects were up 9.6%, with a more modest 1.6% increase in the institutional sector.
Architectural Billings Holding Positive
March 21, 2018
Billings Strong in West/Midwest
“We remain optimistic about the trends we’re seeing at architecture firms this year with the ABI continuing to show growth in February,” said American Institute of Architects Chief Economist Kermit Baker, Hon. AIA, describing the …
Modest Rise for Dodge Momentum Index in February
March 7, 2018
DMI Makes Slight Gain in February
The Dodge Momentum Index saw a tepid rise in February to 146.9, 0.5% up from January.
The commercial component of the index declined for the second consecutive month, contracting 4.8%. The institutional component …
Architecture Billings Start Year on Strong Note
February 21, 2018
Optimistic Outlook for 1st Quarter
“With strong billings and healthy growth in new projects to start the year, firms remain generally optimistic about business conditions for the next several months,” said American Institute of Architects Chief Economist Kermit Baker, …
DMI Down in January, Outlook Still Positive
February 7, 2018
DMI Drops 5.1% in January
After a strong 4th quarter in 2017, The Dodge Momentum Index began 2018 with a dip, landing at 143.7, a 5.1% drop from December’s reading of 151.5. According to Dodge Analytics, five projects valued at …