![Dodge Momentum Index Graph](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2020/07/Dodge_Momentum_Index_Graph.5f05d453dc796.png?auto=format%2Ccompress&q=70&w=250)
The Dodge Momentum Index dropped 6.6% in June to 121.5 (2000=100) from the revised May reading of 130.1. 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 institutional component of the Momentum Index fell 11.7% while the commercial component declined by 3.5%.
Dodge Data and Analytics
In June, seven projects each with a value of $100 million or more entered planning. The leading commercial projects were a $200 million warehouse in Windsor CT and a $200 million office building in Somerville MA. The only institutional project over $100 million was a $115 million emergency room addition in Johnson City NY.