Dodge Momentum Index Drops 4% In November

December 7, 2021

Dodge Momentum Index Drops 4% In November

The Dodge Momentum Index fell 4% in November, moving to 171.7. This was down from the revised October score of 178.1. The commercial component of the index decreased 7.6% while the institutional component gained 5.3%.

Nov-21 Oct-21 % Change
Dodge Momentum Index 171.7 178.1 -3.6%
Commercial Building 205.6 222.6 -7.6%
Institutional Building 129.6 123.1 5.3%

On a year-to-year basis, the DMI was 44% higher than November of 2020. The commercial component was 45% higher and institutional planning was 41% higher.

Describing a “sawtooth pattern” of alternating gains and losses since the pandemic began, Dodge Data & Analytics stated, “Planning data continues to suggest a healthy level of construction to come in 2022. However, due to higher prices and shortages of labor, actual growth is expected to be modest. The new Omicron variant for COVID-19, and its potential impact on economic growth, highlights the tremendous uncertainly the construction sector will face over the coming year.”

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