Dodge Momentum Drops 6.9% In March

April 28, 2025

Dodge Momentum Drops 6.9% In March

The Dodge Momentum Index dropped 6.9% in March, moving to 205.6. This was down from the revised February score of 220.9. Commercial planning fell 7.8%, while institutional planning was down 5.0%.

Sarah Martin, associate director of forecasting for Dodge Construction Network, stated, “Increased uncertainty around material prices and fiscal policies may have begun to factor into planning decisions throughout March.”

	Mar-25	Feb-25	% Change
Dodge Momentum Index	205.6	220.9	-6.9%
Commercial Building	256.6	278.2	-7.8%
Institutional Building	142.6	150.0	-5.0%

Martin continued, “While planning data has weakened across most nonresidential sectors this month, activity remains considerably higher than year-ago levels and still suggests steady construction activity in mid-2026.”

From a year over year prospective, Dodge stated that the DMI was 30% higher than March of 2024. Commercial activity was up 32% and institutional planning was up 27%.

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Sources: For more information about the Dodge Momentum Index, visit the Dodge Data & Analytics website.