![Dmi Oct 2020 Line](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2020/11/dmi_oct_2020_line.5fa5bab694276.5fa5bae160b06.5fa5bae71235d.png?auto=format%2Ccompress&fit=crop&h=288&q=70&rect=53%2C28%2C495%2C279&w=512)
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%.
Dodge Data & Analytics
In October, 10 projects each with a value of $100 million or more entered planning. The leading commercial projects were a $200 million office complex in New York, NY, and a $100 million Amazon warehouse in Spokane, WA. The leading institutional projects were two research labs valued at $300 million each, associated with the Dorchester Bay City project - a redevelopment of the Bayside Expo Center in Boston MA.