Dodge Momentum Index Gained 2.7% In May

June 12, 2024

Dodge Momentum Index Gained 2.7% In May

The Dodge Momentum Index rose 2.7% in May, moving to 179.0. This was up from the revised April score of 174.3. Commercial planning increased 5.5%, while institutional planning dropped 3.4%.

Sarah Martin, associate director of forecasting for Dodge Construction Network, stated, “Owners and developers are gaining confidence in 2025 market conditions, alongside more stable and predictable interest rates – spurring stronger commercial activity over the month.”

May-24 Apr-24 % Change
Dodge Momentum Index 179.0 174.3 2.7%
Commercial Building 230.6 218.7 5.5%
Institutional Building 115.2 119.3 -3.4%

Martin continued, “Conversely, after last year’s growth, institutional planning is decelerating, as high material costs, labor shortages, and elevated interest rates seep into planning decisions. The overall DMI remains 40% higher than May 2019 levels, indicating a steady pipeline of construction projects that will be ready to break ground through mid-2025.”

From a year over year prospective, Dodge stated that the DMI was 7% lower than May of 2023. Commercial activity was up 8% while institutional planning was down 32%.

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

Dodge Momentum Index Rises 6.1% In April

May 7, 2024

Dodge Momentum Index Rises 6.1% In April
The Dodge Momentum Index rose 6.1% in April, moving to 173.9. This was up from the revised March score of 164.0. Commercial planning increased by a substantial 12.6%, while institutional planning fell 6.3%.
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Dodge Momentum Index Drops Nearly 9% In March

April 10, 2024

Dodge Momentum Index Drops Nearly 9% In March
The Dodge Momentum Index descended 8.6% in March, moving to 164.0. This was down from the revised February score of 179.5. Commercial planning dropped by 3.2%, and institutional planning decreased by a …

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Dodge Momentum Index Ticks Down In February

March 19, 2024

Dodge Momentum Index Ticks Down In February
The Dodge Momentum Index decreased by 1.4% in February moving to 180.5. This was down slightly from the revised January score of 183.0. Commercial planning lowered by 2.3%, and institutional planning increased by …

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Dodge Momentum Index Ticks Up In January

February 15, 2024

Dodge Momentum Index Ticks Up In January
The Dodge Momentum Index improved by 0.1% in January moving to 184.1. This was up slightly from the revised December score of 183.9. Commercial planning lowered by 1.0%, and institutional planning increased by …

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Dodge Momentum Index Up 3% In December

January 10, 2024

Dodge Momentum Index Up 3% In December
The Dodge Momentum Index improved by 3% in December moving to 186.6. This was up from the revised November score of 181.5. Commercial and institutional planning both increased by 1% and 6.1% respectively.
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