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While total construction starts fell 9% in August to a seasonally adjusted annual rate of $1.25 trillion, according to Dodge Construction Network, commercial starts were 22% higher, with all categories posting an increase.
As a result of stunted institutional planning, the Dodge Momentum Index fell by 1.2 percent in August to 171.9 from the revised July figure of 174.0.
Hamilton, NJ, September 13, 2022—The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0.
The Dodge Momentum Index (DMI) increased 2.9% in July to 178.7 from the revised June figure of 173.6.
According to the Dodge Construction Network (DCN), total construction starts surged 48% in July to a seasonally adjusted annual rate of $1.36 trillion. The gain is due to the start of three large manufacturing plants and two Liquefied Natural Gas (LNG) export facilities. Even without these...