{"id":1404,"date":"2018-01-08T09:54:20","date_gmt":"2018-01-08T14:54:20","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/dodge-momentum-index-ends-year-high-note-jan-2018\/"},"modified":"2025-08-07T09:40:24","modified_gmt":"2025-08-07T13:40:24","slug":"dodge-momentum-index-ends-year-high-note-jan-2018","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-ends-year-high-note-jan-2018\/","title":{"rendered":"Dodge Momentum Index Ends 2017 on High Note"},"content":{"rendered":"<p><em><strong>Dodge Momentum Index Ends 2017 on High Note<\/strong><\/em><\/p>\n<p>NEW YORK \u2013 January 8, 2018 \u2013 The Dodge Momentum Index grew 3.6% in December to 153.9 (2000=100) from the revised November reading of 148.6. The Momentum Index 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. December\u2019s increase was due to an 8.6% jump in the institutional component of the Momentum Index, while the commercial component eked out a 0.7% gain. For the full year 2017, the Momentum Index averaged 132.3, up 10.7% from the full year average for 2016, with similar improvement for the commercial sector (up 11.4%) and the institutional sector (up 9.7%). After retreating during the third quarter of 2017, the Momentum Index regained its upward track in the fourth quarter, which enabled December\u2019s reading for the Momentum Index to be up 20.9% compared to the same month a year ago. The continued strengthening by the Momentum Index in 2017 suggests that nonresidential building construction activity will advance further during 2018.<\/p>\n<p>In December, 12 projects each with a value of $100 million or more entered planning. For the institutional sector, the leading projects were a $200 million renovation of the Smithsonian Institute Visitor Center (The Castle) in Washington DC and a $175 million Veterans Affairs Living Center in Long Beach CA. The leading commercial projects were a $100 million hotel on Harvard University\u2019s campus in Allston MA and a $100 million office building in Little Rock AR.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/01\/dodge-momentum-index-dec17-jan18.png\" alt=\"\" \/><\/p>\n<p style=\"text-align: center;\">###<\/p>\n<p><strong>About Dodge Construction Network<\/strong> Dodge Construction Network leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers four longstanding and trusted industry solutions\u2014Dodge Data &amp; Analytics, The Blue Book Network, Sweets, and IMS\u2014to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction. To learn more, visit <a href=\"https:\/\/construction.com\/\">construction.com<\/a><\/p>\n<p><strong>Media Contact :<\/strong><br \/>\nCailey Henderson | 104 West Partners | <a href=\"mailto:cailey.henderson@104west.com\">cailey.henderson@104west.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dodge Momentum Index Ends 2017 on High Note NEW YORK \u2013 January 8, 2018 \u2013 The Dodge Momentum Index grew 3.6% in December to 153.9 (2000=100) from the revised November reading of 148.6. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been&#8230;<\/p>\n","protected":false},"author":41,"featured_media":24834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[74],"tags":[],"class_list":["post-1404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dodge-momentum-index"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dodge Momentum Index Ends 2017 on High Note | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index ended the year on a high note in January 2018, signaling a strong pipeline for new projects.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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