{"id":26817,"date":"2024-08-07T18:18:03","date_gmt":"2024-08-08T01:18:03","guid":{"rendered":"https:\/\/essential.construction\/news\/dodge-momentum-index-expands-another-8-in-july\/"},"modified":"2024-08-07T18:18:05","modified_gmt":"2024-08-08T01:18:05","slug":"dodge-momentum-index-expands-another-8-in-july","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/dodge-momentum-index-expands-another-8-in-july\/","title":{"rendered":"Dodge Momentum Index Expands Another 8% in July"},"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 itemprop=\"text\">\n<div align=\"center\">\n<p><iframe loading=\"lazy\" title=\"Dodge Momentum Index - July 2024\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/Ge26dun89MM?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><span data-contrast=\"none\" xml:lang=\"EN-US\" lang=\"EN-US\" class=\"TextRun SCXW69490018 BCX0\"><span class=\"NormalTextRun SCXW69490018 BCX0\">Planning momentum is building across several commercial and institutional segments<\/span><\/span><\/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 <\/span><a rel=\"nofollow noopener\" href=\"http:\/\/construction.com\/\" target=\"_blank\"><span data-contrast=\"none\">Dodge<\/span><\/a> <a rel=\"nofollow noopener\" href=\"https:\/\/www.construction.com\/\" target=\"_blank\"><span data-contrast=\"none\">Construction Network<\/span><\/a><span data-contrast=\"auto\">, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased by 6.8%, and institutional planning expanded by 11.1%.\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\">\u201cWhile data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building across many other major sectors and diversifying the story behind July\u2019s growth,\u201d stated Sarah Martin, associate director of forecasting at Dodge Construction Network. \u201cThe potential Fed rate cut in September is becoming increasingly more likely, alongside slower inflation and weaker labor market conditions. This is likely driving owners and developers to remain optimistic about 2025 market conditions and pushing more projects into the planning queue.\u201d<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">Within the commercial portion of the Index, growth was widespread across all segments. Data centers continued to play an important role in growth, and retail planning has been steadily accelerating over the past eight months. On the institutional side, healthcare was the primary driver of this month\u2019s expansion. In July, the DMI was 17% higher than in July of 2023. The commercial segment was up 35% from year-ago levels, while the institutional segment was down 14% over the same period.\u00a0<\/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 23 projects valued at $100 million or more entered planning throughout July. The largest commercial projects included the $483 million Microsoft SAT82 Data Center in Castroville, Texas, and the $480 million Yorkville Data Center Campus in Little Rock Township, Illinois. The largest institutional projects to enter planning were the $325 million UCSF Children\u2019s Hospital renovation in Oakland, California, and the $278 million Memorial Hermann Cypress Hospital expansion in Cypress, Texas.\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;\">\n<\/div>\n<\/div>\n<div>\n<div class=\"wpb_wrapper\">\n<p>###<\/p>\n<p><strong>About Dodge Construction Network<\/strong><br \/>Dodge Construction Network is a solutions technology company providing an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers longstanding and trusted industry solutions to timely connect and enable decision makers across the entire commercial construction ecosystem. For more than a century, Dodge Construction Network has empowered construction professionals with the information they need to build successful, growing businesses. To learn more, visit\u00a0<a rel=\"nofollow noopener\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fconstruction.com%2F&amp;esheet=52431130&amp;newsitemid=20210518005336&amp;lan=en-US&amp;anchor=construction.com&amp;index=3&amp;md5=66c7581c7aa0820b7c0e2afda2c4a1c2\" target=\"_blank\">construction.com<\/a><\/p>\n<p><strong>Media Contact<\/strong>:<br \/>| <a rel=\"nofollow noopener\" href=\"https:\/\/www.construction.com\/company-news\/dodge-momentum-index-expands-another-8-in-july\/mailto:**@**********on.com\" data-original-string=\"100z+K3RgTw4w3R2Gc5p6Q==1dbij\/q5aW0pmldO8zleohXHIi2BwfIfGJeesuGBnAyzc4=\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. 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To finish the decoding make sure that JavaScript is enabled in your browser.'><span class=\"apbct-blur\">**<\/span>@<span class=\"apbct-blur\">**********<\/span>on.com<\/span><\/a><\/p>\n<\/div>\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-expands-another-8-in-july\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=dodge-momentum-index-expands-another-8-in-july\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Planning momentum is building across several commercial and institutional segments BEDFORD, M.A. \u2013 July 9, 2024 \u2014 The Dodge Momentum &#8230; <a title=\"Dodge Momentum Index Expands Another 8% in July\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/dodge-momentum-index-expands-another-8-in-july\/\" aria-label=\"Read more about Dodge Momentum Index Expands Another 8% in July\">Read more<\/a><\/p>\n","protected":false},"author":7253,"featured_media":26819,"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-26817","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\/26817","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=26817"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/26817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/26819"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=26817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=26817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=26817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}