Dodge Momentum Index Rebounds in December

                  Dodge Momentum Index Rebounds in December

PR Newswire

NEW YORK, Jan. 8, 2013

NEW YORK, Jan. 8, 2013 /PRNewswire/ -- The Dodge Momentum Index rose 3.2% in
December, according to McGraw-Hill Construction
(http://www.construction.com/), a division of The McGraw-Hill Companies (NYSE:
MHP). 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. The
December gain brought the Momentum Index to 94.9 (2000=100), up from
November's revised 91.9. After showing a hesitant upward trend during the
first seven months of 2012, the Momentum Index settled back from August
through October, and then stabilized in November. This coincided with the
economic and political uncertainty that dampened investment during that time.
The December rebound for the Momentum Index brings it back close to the 95.4
reached in July, which was the highest reading reported during 2012. The
latest month's upturn may also be the initial sign that the uncertainty that
restrained plans for construction is now easing, with the November 2012
elections now final and the fiscal cliff being averted for the time being.

December's increase for the Momentum Index was due entirely to a pickup by its
commercial building segment, which advanced an impressive 9.0% relative to
November. New plans for stores and office buildings were stronger in
December, and several notable warehouse developments also bolstered the Index,
including plans for two new Amazon distribution facilities in Dupont WA and
Fort Worth TX. In contrast, the institutional building segment of the Momentum
Index dropped 2.4% in December, weighed down by a reduction in the number of
new hospitals entering the planning phase. The retreat for the institutional
building segment is likely to continue for a while longer, given expected
cutbacks in federal spending and state budget constraints.

The Dodge Momentum Index
(Year 2000=100)
                            Dec-12     Nov-12 % Chg
Dodge Momentum Index        94.9       91.9   3.2%
Commercial Building         89.8       82.4   9.0%
Institutional Building      101.3      103.8  -2.4%
Source: McGraw-Hill Construction Dodge

(Photo: http://photos.prnewswire.com/prnh/20130108/NY39442 )

About McGraw-Hill Construction:

McGraw-Hill Construction's data, analytics, and media businesses—Dodge,
Sweets,Architectural Record, and Engineering News-Record—create opportunities
for owners, architects, engineers, contractors, building product
manufacturers, and distributors to strengthen their market position, size
their markets, prioritize prospects, and target and build relationships that
will win more business. McGraw-Hill Construction serves more than one million
customers through its trends and forecasts, industry news, and leading
platform of construction data, benchmarks, and analytics, including Dodge
BuildShare and Dodge SpecShare. To learn more, visit www.construction.com.

About The McGraw-Hill Companies:

McGraw-Hill announced on September 12, 2011, its intention to separate into
two companies: McGraw-Hill Financial, a leading provider of content and
analytics to global financial markets, and McGraw-Hill Education, a leading
education company focused on digital learning and education services
worldwide. McGraw-Hill Financial's leading brands include Standard & Poor's
Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts energy
information services and J.D. Power and Associates. With sales of $6.2 billion
in 2011, the Corporation has approximately 23,000 employees across more than
280 offices in 40 countries. Additional information is available at
http://www.mcgraw-hill.com/.

Media Contact:

Kathy Malangone, Senior Director, Marketing Communications,
McGraw-Hill Construction, +1 212-904-4376, kathy_malangone@mcgraw-hill.com





SOURCE McGraw-Hill Construction

Website: http://www.construction.com
 
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