{"id":26559,"date":"2024-07-09T17:08:37","date_gmt":"2024-07-10T00:08:37","guid":{"rendered":"https:\/\/essential.construction\/news\/dodge-momentum-index-gained-10-in-june\/"},"modified":"2024-07-09T17:08:41","modified_gmt":"2024-07-10T00:08:41","slug":"dodge-momentum-index-gained-10-in-june","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/dodge-momentum-index-gained-10-in-june\/","title":{"rendered":"Dodge Momentum Index Gained 10% in June"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div align=\"center\">\n<p><iframe loading=\"lazy\" title=\"Dodge Momentum Index - June 2024\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/_8NnRK-YrFw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p style=\"text-align: left;\"><em>Substantial growth in data center planning drives commercial momentum<\/em><\/p>\n<p style=\"text-align: left;\"><b><span data-contrast=\"auto\">BEDFORD, M.A. \u2013 July 9, 2024 <\/span><\/b><b><span data-contrast=\"auto\">\u2014<\/span><\/b> <span data-contrast=\"auto\">The Dodge Momentum Index (DMI), issued by Dodge Construction Network,<\/span><span data-contrast=\"auto\">\u00a0increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">\u201cData centers continued to dominate planning projects in June \u2013 fueling another strong month for commercial planning,\u201d stated Sarah Martin, associate director of forecasting at Dodge Construction Network. \u201cMore momentum in planning, while not as strong as data centers, was seen across most segments and indicates confidence in 2025 market conditions. The DMI is up 43% from June 2019 levels, signaling strong construction spending in 2025.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">Data center planning continued to be the primary driver of commercial growth in June, alongside moderate growth in retail, hotels, and warehouse projects. On the institutional side, weaker healthcare planning was offset by an improvement in education activity. Additionally, a large detention facility entered the queue last month and bolstered public planning as well.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">In June, the DMI was 7% higher than in June of 2023. The commercial segment was up 25% from year-ago levels, while the institutional segment was down 25% over the same period.<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">A total of 38 projects valued at $100 million or more entered planning throughout June. The largest commercial projects included the $420 million Oaklawn Land Bay A Data Center in Leesburg, Virginia, and the $400 million PowerHouse Irving Data Center in Irving, Texas.\u00a0 The most significant institutional projects to enter planning were the $305 million Horizon Juvenile Center Annex in Woodstock, New York, and the $285 million research and development buildings in San Diego, California.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">The DMI is a monthly measure of the value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year.<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-ccp-props=\"{&quot;134245417&quot;:false}\"><\/span><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.construction.com\/company-news\/dodge-momentum-index-gained-10-in-june\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=dodge-momentum-index-gained-10-in-june\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Substantial growth in data center planning drives commercial momentum BEDFORD, M.A. \u2013 July 9, 2024 \u2014 The Dodge Momentum Index &#8230; <a title=\"Dodge Momentum Index Gained 10% in June\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/dodge-momentum-index-gained-10-in-june\/\" aria-label=\"Read more about Dodge Momentum Index Gained 10% in June\">Read more<\/a><\/p>\n","protected":false},"author":7253,"featured_media":26561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1066,1141,1127],"tags":[1125,345,1126,1128],"class_list":["post-26559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-business","category-dodge-data-and-analytics","tag-analytics","tag-business","tag-industry-news","tag-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/26559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/7253"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=26559"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/26559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/26561"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=26559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=26559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=26559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}