DMI Posts 8.6% Gain
May 7, 2021
Institutional Planning Again Drives DMI Higher
The Dodge Momentum Index gained by 8.6% in April, moving to 162.4. This was up from the revised March reading of 149.5. The commercial component of the index was down 0.2%. The institutional component climbed by 24.3%, continuing the upward surge from March.
|Dodge Momentum Index||162.4||149.5||8.6%|
The DMI was at a 12-year high in April.
Describing market conditions, Dodge Data & Analytics stated, “Since hitting its nine-year low in January, institutional planning has rebounded substantially, climbing 77% over the last three months. Healthcare and laboratory projects continue to dominate the sector, pushing institutional planning 50% higher on a year-over-year basis. Conversely, the commercial component has slipped in recent months as fewer warehouse projects have entered planning, though the sector is 21% higher than in April 2020. Overall, the Momentum Index is 31% higher than last April, which was the first full month of COVID-19 shutdowns.”