DMI Hits Four-Month Low in January

February 9, 2022

DMI Hits Four-Month Low in January

The Dodge Momentum Index fell 7% in January moving to 152.9. This was down from the revised December score of 163.7. The commercial component of the index lost 9% and the institutional component dropped by 1%.

Jan-22 Dec-21 % Change
Dodge Momentum Index 152.9 163.7 -6.6%
Commercial Building 175.9 194.1 -9.4%
Institutional Building 124.4 126.2 -1.4%

Describing market conditions Dodge Data & Analytics stated, “The Dodge Momentum Index had a stellar 2021, rising 23% from 2020 and reaching levels not seen in nearly 14 years. The recent string of declines, however, may be blamed on rising costs, logistical problems and shortages of skilled labor. Still, even as it has decreased, the dollar value of projects in planning remains exceptionally strong, especially for education, warehouse and healthcare projects.”

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