{"id":1443,"date":"2018-03-06T15:53:38","date_gmt":"2018-03-06T20:53:38","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/tepid-rise-dodge-momentum-index-february-mar-2018\/"},"modified":"2025-10-15T09:55:18","modified_gmt":"2025-10-15T13:55:18","slug":"tepid-rise-dodge-momentum-index-february-mar-2018-2","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/tepid-rise-dodge-momentum-index-february-mar-2018-2\/","title":{"rendered":"Dodge Momentum Index Increased in February 2018"},"content":{"rendered":"<p><em><strong>Dodge Momentum Index Increased in February 2018<\/strong><\/em><\/p>\n<p>NEW YORK \u2013 March 7, 2018 \u2013 The Dodge Momentum Index increased 0.5% in February to 146.9 (2000=100) from the revised January reading of 146.2. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The move higher in February was the result of an 8.2% increase in the institutional component, while the commercial component contracted 4.8%. The commercial component has declined for two consecutive months, and while this should not lead to an outright decline in construction activity, it is an additional sign that commercial building construction growth could ease in 2018 in response to rising vacancy rates for offices and warehouses. On the other hand, institutional building construction continues to feed off the massive number of state and local bonds issued for schools and other institutional buildings over the past few election cycles.<\/p>\n<p>In February, 16 projects each with a value of $100 million or more entered planning. For the institutional sector, the leading projects were the $450 million MSG Sphere Arena in Las Vegas NV and the $412 million St. Jude\u2019s Children\u2019s Hospital Research Center in Memphis TN. The leading commercial projects were the $280 million first phase of the Sentinel Data Center in Sterling VA and a $150 million mixed-use project in San Jose CA.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/01\/DMI-Feb-2018.jpg\" alt=\"Dodge Momentum Index (DMI) chart for February 2018, reflecting commercial and institutional planning.\" \/><\/p>\n<p style=\"text-align: center;\">###<\/p>\n<p><strong>About Dodge Construction Network<\/strong> Dodge Construction Network leverages 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 four longstanding and trusted industry solutions\u2014Dodge Data &amp; Analytics, The Blue Book Network, Sweets, and IMS\u2014to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction. To learn more, visit <a href=\"https:\/\/construction.com\/\">construction.com<\/a><\/p>\n<p><strong>Media Contact :<\/strong><br \/>\nCailey Henderson | 104 West Partners | <a href=\"mailto:cailey.henderson@104west.com\">cailey.henderson@104west.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dodge Momentum Index Increased in February 2018 NEW YORK \u2013 March 7, 2018 \u2013 The Dodge Momentum Index increased 0.5% in February to 146.9 (2000=100) from the revised January reading of 146.2. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown&#8230;<\/p>\n","protected":false},"author":41,"featured_media":23698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[74],"tags":[],"class_list":["post-1443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dodge-momentum-index"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dodge Momentum Index: Tepid Rise Feb-Mar 2018 | Construction<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index experienced a tepid rise across February and March 2018. 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