Institutional Planning Drives DMI Higher In March

April 7, 2021
Industry News

Institutional Planning Drives DMI Higher In March

The Dodge Momentum Index gained by 1.7% in February, moving to 151.4. This was up from the revised February reading of 148.8. The commercial component of the index was down 3.9%. The institutional component rose by 14.0%, continuing the upward surge from the previous month.

Mar-21 Feb-21 % Change
Dodge Momentum Index 151.4 148.8 1.7%
Commercial Building 177.0 184.2 -3.9%
Institutional Building 119.7 105.0 14.0%

The DMI for March was up 11% versus the same time a year ago.

Describing market conditions, Dodge Data & Analytics stated, “While healthcare and lab projects continue to dominate institutional planning, March saw a more broad-based selection of project types including education and recreation buildings. Institutional building construction rose 14.0% from February, while year-over-year comparisons showed a 10% increase for the sector. Commercial construction, however, dipped 3.9% for the month due to a slight pullback in warehouse activity that other commercial projects could not make up for, though the sector showed a 12% increase from March 2020 in year-over-year comparisons.”