Dodge Momentum Index Gains 11% In September
October 7, 2021
Dodge Momentum Index Gains 11% In September
The Dodge Momentum Index gained 11% in September, moving to 164.9. This was up from the revised August score of 148.0. The commercial component of the index jumped 13% while the institutional component rose 8%.
| Sep-21 | Aug-21 | % Change | |
| Dodge Momentum Index | 164.9 | 148.0 | 11.4% |
| Commercial Building | 200.4 | 177.0 | 13.2% |
| Institutional Building | 121.1 | 112.2 | 8.0% |
On a year-to-year basis, the DMI was 30% higher than September of 2020. The commercial component was 32% higher and institutional planning was 25% higher.
Describing the shifting market conditions Dodge Data & Analytics stated, “The gain in the Momentum Index and its components in September is certainly good news and a sign that owners and developers are looking past the current concerns over pricing, Delta, and politics and are moving forward with projects to meet demand. This does not mean there are no problems ahead for the sector. Month-to-month volatility in the data is likely to remain for some time.”