Your behavior appears to be a little unusual. Please verify that you are not a bot.


Dodge Momentum Index up in April

By |  May 6, 2022

Dodge Construction Network logo

The Dodge Momentum Index moved 6 percent higher in April to 164.8 (2000=100), up from the revised March reading of 155.0.

The momentum index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year. In April, the commercial component of the Momentum Index rose 9 percent, while the institutional component moved 2 percent higher.

With the gain in April, the index was just 5 percent shy of its all-time high set in the fall of 2021.

Dodge says the main impetus behind this trend is the commercial sector, which has been driven by a growing number of data center, warehouse and hotel projects entering the planning queue. The institutional component has made moderate improvements as well, as more education, healthcare and recreation projects begin the planning process.

On a year-over-year basis, the momentum index was 17 percent higher than in April 2021. The commercial component was 15 percent higher, while the institutional component was 22 percent higher than a year ago.

Specific projects

A total of 25 projects with a value of $100 million or more entered planning in April.

The leading commercial projects were the $208 million Colo 1 data center in Ashburn, Virginia, and the $150 million QTS data center in Fort Worth, Texas.

The leading institutional projects were the $300 million Banner Hospital in Buckeye, Arizona, and the $287 million IU Health Saxony Hospital in Fishers, Minnesota.

The planning backlog for nonresidential building projects continues to fill, which Dodge says should provide optimism that construction activity should remain solid in the months to come. However, rising interest rates and the continued increase in material prices will moderate any rising trend through the remainder of 2022, according to Dodge.

Jack Kopanski

About the Author:

Jack Kopanski is the Managing Editor for Pit & Quarry and Portable Plants. Kopanski can be reached at 216-706-3756 or jkopanski@northcoastmedia.net.

Comments are closed