{"id":28032,"date":"2024-10-07T08:58:22","date_gmt":"2024-10-07T15:58:22","guid":{"rendered":"https:\/\/essential.construction\/news\/dodge-momentum-index-recedes-4-in-september\/"},"modified":"2024-10-07T08:58:23","modified_gmt":"2024-10-07T15:58:23","slug":"dodge-momentum-index-recedes-4-in-september","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/dodge-momentum-index-recedes-4-in-september\/","title":{"rendered":"Dodge Momentum Index Recedes 4% in September"},"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 - September 2024\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/KcLI3CPwrgo?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 SCXW149901626 BCX0\"><span class=\"NormalTextRun SCXW149901626 BCX0\">Slower data center momentum moderates planning activity over the month<\/span><\/span><span class=\"EOP SCXW149901626 BCX0\" data-ccp-props=\"{&quot;134245417&quot;:false,&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/em><\/p>\n<p style=\"text-align: left;\"><b><span data-contrast=\"auto\">BEDFORD, M.A. \u2013 October 7, 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\">, decreased 4.2% in September to 208.6 (2000=100) from the revised August reading of 217.7. Over the month, commercial planning contracted 7.8% and institutional planning improved 5.2%.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">\u201cDespite this month\u2019s decline, the Dodge Momentum Index remains at very robust levels\u201d, stated Sarah Martin, associate director of forecasting at Dodge Construction Network. \u201cA surge in data center activity drove much of the recent rapid growth in the DMI \u2013 so as planning for that sector moderated over the month, overall commercial planning fell back. By mid-2025, the Fed\u2019s rate cuts should spur planning projects to reach groundbreaking more quickly \u2013 leading to stronger nonresidential activity as 2025 progresses.\u201d<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">Commercial planning generally receded over the month. After gaining some steam in recent months, warehouse, office and stores planning activity all slowed down. Hotels, on the other hand, have been gaining speed over the past five months, expanding steadily in September. Data centers continued to dominate large project activity, but the rate at which planning projects entered the queue continued to moderate from the above-average levels of growth in recent months. On the institutional side, education, healthcare and recreational projects were the primary drivers of this past month\u2019s expansion, with only religious planning posting a decline. This month, the DMI was 21% higher than in September of 2023. The commercial segment was up 31% from year-ago levels, while the institutional segment was up 4% 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-ccp-props=\"{&quot;134245417&quot;:false}\">\u00a0<\/span><span data-contrast=\"auto\">A total of 28 projects valued at $100 million or more entered planning throughout September. The largest commercial projects included the $390 million Project Nova Data Center in Eagan, Minnesota and Phase 1 and 2 of the SNA Data Center in Cedar Rapids, Iowa \u2013 valued at $375 million per phase. The largest institutional projects to enter planning were the $300 million Kairos Power R&amp;D lab facility and the $215 million phase 2 of the Kentucky Exposition Center redevelopment in Louisville, Kentucky.\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<\/div>\n<div>\n<div class=\"wpb_wrapper\">\n<p>###<\/p>\n<p><strong>About Dodge Construction Network<\/strong><br \/><span data-teams=\"true\"><span class=\"ui-provider a b c d e f g h i j k l m n o p q r s t u v w x y z ab ac ae af ag ah ai aj ak\" dir=\"ltr\">Dodge Construction Network harnesses data, analytics, and industry connections to be the leading source of insights and opportunities in the commercial construction industry. With five trusted solutions-<strong>Dodge Construction Central, The Blue Book, Sweets, IMS,<\/strong> <strong>and <\/strong><strong>Principia<\/strong>-Dodge connects construction professionals across all stages of the building process. Designed for both small teams and large enterprises, these tools simplify complexity, empowering you to build thriving businesses and communities. With over a century of experience, Dodge Construction Network is the catalyst for modern construction. To learn more, visit .<\/span><\/span><\/p>\n<p><strong>Media Contact<\/strong>:<br \/>| <a rel=\"nofollow noopener\" href=\"https:\/\/www.construction.com\/company-news\/dodge-momentum-index-recedes-4-in-september\/mailto:**@**********on.com\" data-original-string=\"crinVaJyBlnciphzGOQWgA==1dbxJ81mA\/l7s0iC1Z0wscBMk9X\/BoP5i4M1dQPz09sxrY=\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\" target=\"_blank\"><span \n                data-original-string='YvVrtVsiB7lStez1o4KZUg==1dbwUKqUQP3OCnHlUnewagnkUwGoPrARgsebUgFFvg3CNw='\n                class='apbct-email-encoder'\n                title='This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. 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-recedes-4-in-september\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=dodge-momentum-index-recedes-4-in-september\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slower data center momentum moderates planning activity over the month\u00a0 BEDFORD, M.A. \u2013 October 7, 2024 \u2014 The Dodge Momentum &#8230; <a title=\"Dodge Momentum Index Recedes 4% in September\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/dodge-momentum-index-recedes-4-in-september\/\" aria-label=\"Read more about Dodge Momentum Index Recedes 4% in September\">Read more<\/a><\/p>\n","protected":false},"author":7253,"featured_media":28034,"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-28032","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\/28032","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=28032"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/28032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/28034"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=28032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=28032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=28032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}