Dodge Momentum Index Inches Up in July

The Dodge Momentum Index inched up 0.2 percent in July, according to McGraw-Hill Construction, a division of The McGraw-Hill Cos. The index now rests at 112.6. While July’s growth rate was modest, the index continues to hold onto the gains established earlier in the year and remains near its four-year high. This stability suggests developers perceive the environment for new construction to be generally improving but remain cautious about the tepid performance of the economy and its impact on market fundamentals.

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