From Dodge Data Analytics: Dodge Momentum Index Loses Ground in June
The Dodge Momentum Index fell 1.8% in October to 127.5 (2000=100) from the revised September reading of 129.8. The Momentum Index, issued by Dodge Data & 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. The commercial component of the Momentum Index lost 4.4% over the month, but the institutional component gained 3.3%. This graph shows the Dodge Momentum Index since 2002. The index was at 127.5 in October, down from 129.8 in September. According to Dodge, this index leads "construction spending for nonresidential buildings by a full year". This index suggests a decline in Commercial Real Estate construction through early 2021. from http://www.calculatedriskblog.com/2020/11/leading-index-for-commercial-real.html
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