Dodge Momentum Index Loses Steam in April. NEW YORK – May 5, 2017 – The Dodge Momentum Index fell 5.1% in April to 133.8 (2000=100) from its revised March reading of 140.9.
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. April’s decline was due to a 12.0% drop for the institutional component of the Momentum Index, while the commercial component rose a meager 0.1%. Since early 2016, the Momentum Index has gained substantial ground, albeit in a saw-tooth pattern, increasing by over 20% through March this year. Despite April’s decline, the broad upward trend for the Momentum Index remains present, suggesting that construction activity still has further room to grow in 2017.
The planning data’s strengthening over the past year stands in stark contrast to the 2014-2015 period, when the Momentum Index saw little improvement, gaining just 4.0% in that 24-month span. Construction Cost Index By City. Insight.
Statistics. Architecture Billings Index - AIA. AIA’s monthly Architecture Billings Index (ABI) is a leading economic indicator for nonresidential construction activity, with a lead time of approximately 9–12 months.
The index is derived from AIA’s Work-on-the-Boards survey, which has gathered data on shifts in billings from architectural firm leaders for over 20 years. The resulting data provides a trusted tool for the design and construction industry and other firms to predict and track movements in the market. Market intelligence and analysis International investment groups, major media, small firms and business leaders alike rely on the ABI and other indicators drawn from AIA’s work-on-the-boards survey to assess business conditions.
2017 01 Crane Index. Construction Economic Outlook 2017 « Construction Analytics. This collection of articles provides a variety of in-depth analyses of recent construction economic activity and presents the forecast for 2017 Construction Outlook.
Articles included provide a look at new construction starts, 2017 starting backlog, construction spending for residential, nonresidential and infrastructure, jobs and productivity, materials price movement, market indexes, selling price, and construction cost inflation. Follow this Link to 2017 Construction Outlook Articles Clickable Index This outlook gives a unique perspective developed from in-depth analysis of the data behind the headlines. Articles provide links to other current construction industry market reports and provide summary comparison charts to other firms economic projections. I’m confident you will find the information useful. Follow the link below to read & download ARCHIVED Jan. 2016 and earlier Economic Reports. Construction Economics. Construction Economics ENR publishes both a Construction Cost Index and Building Cost index that are widely used in the construction industry.
This website contains an explanation of the indexes methodology and a complete history of the 20-city national average for the CCI and BCI. Both indexes have a materials and labor component. In the second issue of each month ENR publishes the CCI, BCI, materials index, skilled labor index and common labor index for 20 cities and the national average.
The first issue also contains an index review of all five national indexes for the latest 14 month period. 200 hours of common labor at the 20-city average of common labor rates, plus 25 cwt of standard structural steel shapes at the mill price prior to 1996 and the fabricated 20-city price from 1996, plus 1.128 tons of portland cement at the 20-city price, plus 1,088 board-ft of 2 x 4 lumber at the 20-city price. IHS PEG Engineering and Construction Cost Index (ECCI) The IHS PEG Engineering and Construction Cost Index The IHS PEG Engineering and Construction Cost Index (ECCI) is based upon data independently obtained and compiled by IHS from procurement executives representing leading Engineering, Procurement, and Construction firms.
See full list of member companies. The ECCI tracks industry specific trends and variations, identifying market turning points for key projects, and is intended to act as a leading indicator for wage and material inflation specific to this construction and engineering industry. Surveys are sent out to members of the Procurement Executive Group (PEG) on the first Monday of each month and are open for a two week window. Results are released the last Friday of each month. Each survey response is weighted equally for every USD 2 billion in spending in North America. Respondents are then asked for their six month pricing expectations among these same subcategories. About PEG (www.peg-eci.org) Plant Cost Index - Chemical Engineering. Already a CEPCI subscriber?
Current customers login here: Get Chemical Engineering’s Plant Cost Index to Improve Plant Cost Estimates… and delivered online in advance of the print edition! Dear Chemical Engineering colleague, For more than 46 years, chemical process industries (CPI) professionals — engineers, managers, and technicians — have used Chemical Engineering’s Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another. This index — rather, indexes, as it consists of a composite index and eleven sub–indexes — has received such wide acceptance that it has even been written into construction–contract, cost–escalation clauses. Many CPI professionals, however, are still accessing these numbers the slow way, shuffling back through library archives for the old reference values and waiting for print copies of Chemical Engineering to arrive in the mail with the most recently calculated numbers.
Below is a sample: Office of Highway Policy Information - Policy. Turner Construction Company. Turner Projects Continued Growth in Construction Costs Second Quarter 2016 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 983.
This reflects a 1.34% increase from the First Quarter 2016 and a 4.80% yearly increase from the Second Quarter 2015. Base year: 1967, index 100 Please click below to download the Building Cost Index2016 2015 2014 2013 2012 Fourth Quarter Cost Indices from Previous Years. Construction Cost Estimating Data Books. Subscribe to all 4 Construction Cost Indexes for and save!
The RSMeans Construction Cost Indexes are a means to compare costs from city to city, costs over time, and to localize the RSMeans national average construction costs. The publication contains indexes for 318 U.S. and Canadian cities as well as the national average index. The January issue also provides a historical listing of total indexes going back to 1940. Indexes are broken out by Material, Installation, and Total for each CSI division, as well as the total weighted average for that city. These are historical indexes with a base year of 1993. All the formulas to perform the adjustments are given with easy to follow examples.