According to Dodge Data & Analytics, the Dodge Momentum Index fell 4.8 percent in January to 121.1, down from a revised 127.2 in December. Compared to January 2013, the index was up 5.8 percent.
The fall in the index was a result of decreased planning activity in both the commercial and institutional sectors, with the commercial sector falling 0.4 percent and the institutional sector falling 10.2 percent.
However, during the month of January, there were three commercial building projects exceeding $100 million and four institutional projects over $100 million that entered planning.
Despite the fall, Dodge Data reports that January’s activity is still in line with the moderate upward trend that has been present the past three years.
