Tag: commercial planning
The Dodge Momentum Index, measuring the initial report for nonresidential building projects in planning, was up 1 percent in October. It is, however, down 8 percent year over year.
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The Dodge Momentum Index, issued by Dodge Construction Network, was up in September but is down year over year.
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The Dodge Momentum Index declined declined 0.9 percent in July with the commercial component falling 0.2 percent and the institutional component dropping 1.9 percent.
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Dodge Construction Network says a continued stream of data center and life science lab projects is keeping the Dodge Momentum Index from further lows.
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Says Dodge Construction Network’s Sarah Martin: “Lending standards for small banks in particular have substantially tightened as banking insecurity intensifies.”
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The commercial component of the index rose 8.4 percent in December, and the institutional component ticked up 2.7 percent.
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The Dodge Momentum Index increased 5.7 percent in September, and it is up 26 percent over the last year.
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Dodge Construction Network’s momentum index measuring nonresidential building projects in planning continues on its upward trajectory, increasing 7 percent last month to 176.2.
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While commercial and institutional planning ended 2021 on a down note, Dodge Construction Network says those nonresidential building markets grew nicely in 2021.
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