by Calculated Risk on 10/10/2022 03:08:00 PM
From Dodge Data Analytics: Dodge Momentum Index Rises In September
After a solid performance in September, the DMI landed less than 5% below an all-time high. On the commercial side, the figure was primarily bolstered by an influx of data centers entering the planning queue. The institutional component saw a notable increase in research and development laboratory projects in the education sector, with solid contributions from healthcare and recreation projects entering the planning process. On a year-over-year basis, the DMI was 26% higher than September in 2021; the commercial component was up 25%, and institutional planning was 28% higher.
This graph shows the Dodge Momentum Index since 2002. The index was at 183.2 in September, up from 173.4 in August.
According to Dodge, this index leads “construction spending for nonresidential buildings by a full year”. This index suggests a solid pickup in commercial real estate construction at the end of this year and into 2023.