January 7, 2022

DMI Down in December, Gained In 2021

The Dodge Momentum Index dropped 3% in December moving to 166.4. This was down from the revised November score of 170.7. The commercial component of the index decreased 4% and the institutional component lost 1%.

Despite the “sawtooth pattern” of activity seen throughout 2021, the index increased 23% for the year with the commercial and institutional components reaching 13 and 14-year highs respectively.

Describing the outlook for 2022, Dodge Data & Analytics stated, “The signals provided by the Dodge Momentum Index continue to suggest that construction activity will improve in 2022 — and, more importantly, that this growth will be more balanced than what was seen in 2021. However, the ever-present risks of the pandemic and tight labor force will work to counter these trends, leading to moderate growth over the new year.”

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