{"id":2551,"date":"2020-05-04T09:29:20","date_gmt":"2020-05-04T13:29:20","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/dodge-momentum-index-trips-on-covid-19-april-2020\/"},"modified":"2025-10-15T09:55:08","modified_gmt":"2025-10-15T13:55:08","slug":"dodge-momentum-index-trips-on-covid-19-april-2020","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-trips-on-covid-19-april-2020\/","title":{"rendered":"Dodge Momentum Index Trips on COVID-19 in April"},"content":{"rendered":"<p><em><strong>Dodge Momentum Index Trips on COVID-19 in April<\/strong><\/em><\/p>\n<p><strong>NEW JERSEY \u2013 May 7, 2020 \u2013<\/strong> The Dodge Momentum Index moved 6.0% lower in April to 135.9 (2000=100) from the revised March reading of 144.5. The Momentum Index, issued by <a href=\"https:\/\/www.construction.com\/\">Dodge Data &amp; Analytics<\/a>, 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. Both components of the Momentum Index pulled back during the month \u2013 the commercial component fell 7.6%, while the institutional component dropped 3.2%.<\/p>\n<p>COVID-19 (Coronavirus) had a significant negative impact on the economy in April, touching virtually all sectors \u2014 including construction. Planning activity clearly downshifted, although that downshift has not been fully realized in the published index since the Momentum Index is a three-month moving average. This sets the stage for an even weaker reading when the May data is released in June.<\/p>\n<p>In April, six projects each with a value of $100 million or more entered planning. The leading commercial projects were a $380 million office building in San Jose CA and the $100 million Dream Hotel in Las Vegas NV. The leading institutional projects were a $365 million medical building in Houston TX and the $100 million Harrisburg University Health Science Education Center in Harrisburg PA.<\/p>\n<p>Dodge Data &amp; Analytics COVID-19 (Coronavirus) Resources: <a href=\"https:\/\/www.construction.com\/resources\/\">https:\/\/www.construction.com\/toolkit<\/a><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" style=\"height: 588px;\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/11\/dmi-apr-2020.jpg\" alt=\"Dodge Momentum Index (DMI) chart for April 2020, showing planning activity during the early pandemic.\" \/><\/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 Trips on COVID-19 in April NEW JERSEY \u2013 May 7, 2020 \u2013 The Dodge Momentum Index moved 6.0% lower in April to 135.9 (2000=100) from the revised March reading of 144.5. The Momentum Index, issued by Dodge Data &amp; Analytics, is a monthly measure of the first (or initial) report for nonresidential&#8230;<\/p>\n","protected":false},"author":41,"featured_media":23698,"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-2551","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 Trips on COVID-19 in April | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"COVID-19 hits the Dodge Momentum Index in April 2020. 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