![The Dodge Momentum Index grew 1.4% in July thanks to 3.3% growth in the commercial segment.](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2018/08/Screen_Shot_2018_08_09_at_6.54.30_AM.5b6c2c4bd77e8.png?auto=format%2Ccompress&fit=crop&h=288&q=70&rect=0%2C8%2C1710%2C962&w=512)
The Dodge Momentum Index moved 1.4% higher in July to 169.8 (2000=100) from the revised June reading of 167.3. 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.
Dodge Data & Analytics
In July, 17 projects each with a value of $100 million or more entered planning. The two leading commercial projects were a $295 million data center in Sterling, VA, and a $225 million warehouse/office building in Ontario, CA. The leading institutional projects were the $325 million MUSC Health Community Hospital in Summerville, SC, and the $150 million Texas Acute Care Hospital in Mansfield, TX.