LOS ANGELES An improving
outlook for commercial projects helped push a benchmark
construction planning index up 5.2 percent month on month in
April, the measures fourth consecutive monthly
The Dodge Momentum Index, which
keeps tabs on initial reports of nonresidential building
projects in planning, is at its highest level since mid-2009,
according to the McGraw Hill Construction unit of New
York-based McGraw Hill Financial Inc.
The index has risen 23 percent
since December 2012, the company said.
Last months increase was
largely due to an 8.5-percent rise in the commercial segment,
the company said. Among these developments were plans for a
$71-million outlet center in Niagara Falls, N.Y., and a
$60-million shipping center in San Francisco.
However, new plans for
institutional building rose only 1.2 percent in April, as a
decline in the health-care sector offset a gain in