Dodge Momentum Index Surges 10% In October

November 12, 2021

Dodge Momentum Index Surges 10% In October

The Dodge Momentum Index gained 10% in October, moving to 181.2. This was up from the revised September score of 164.6. The commercial component of the index increased 13.5% while the institutional component rose 2.9%.

Oct-21 Sep-21 % Change
Dodge Momentum Index 181.2 164.6 10.0%
Commercial Building 227.2 200.2 13.5%
Institutional Building 124.1 120.6 2.9%

On a year-to-year basis, the DMI was 47% higher than October of 2020. The commercial component was 59% higher and institutional planning was 26% higher.

Describing the upward momentum of the index Dodge Data & Analytics stated, “The value of nonresidential building projects entering planning has staged a solid recovery this fall. It has lifted the Momentum Index to its highest level in nearly 14 years, following a near-moribund summer of activity.

The commercial sector has shown strength, having reached its highest level since the inception of the Index. The October gain in the Momentum Index was driven by increased planning in warehouses, offices, and healthcare structures. Compared to a year earlier, the Momentum Index was 47% higher in October 2021. The commercial planning component was 59% higher, and institutional was 26% higher.”

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