Dodge Momentum Index Down 5% In June
July 9, 2021
Commercial & Institutional Planning Falter
The Dodge Momentum Index dropped 5% in June, moving to 165.8. This was down from the revised May reading of 175.1. The commercial component of the index lost 4.3% while the institutional component dropped 7.0%.
|Dodge Momentum Index||165.8||175.1||-5.3%|
Despite the setback in June, the DMI remained at a 13-year high.
Describing market conditions, Dodge Data & Analytics stated, “Uncertain demand for some building types (such as retail and hotels), higher material prices, and continued labor shortages are weighing down new project planning. Even with June’s decline, however, the Momentum Index remains near a 13-year high and well above last year. Compared to a year earlier, both commercial and institutional planning were significantly higher than in June 2020 (39% and 46% respectively). Overall, the Momentum Index was 41% higher.”