{"id":24818,"date":"2022-12-06T06:50:07","date_gmt":"2022-12-06T11:50:07","guid":{"rendered":"https:\/\/www.construction.com\/?p=24818"},"modified":"2025-08-07T09:53:56","modified_gmt":"2025-08-07T13:53:56","slug":"dodge-momentum-index-advances-in-november","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-advances-in-november\/","title":{"rendered":"Dodge Momentum Index Advances In November"},"content":{"rendered":"<p><em>Commercial and institutional planning rise for third consecutive month<\/em><\/p>\n<p><em><strong>HAMILTON, N.J. \u2013 December 7, 2022 \u2014<\/strong><\/em><\/p>\n<p>The Dodge Momentum Index (DMI), issued by <a href=\"https:\/\/www.construction.com\/\">Dodge Construction Network<\/a>, increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%, and the institutional component ticking up 2.7%.<\/p>\n<p>Commercial planning experienced a healthy increase in hotel and data center projects and modest growth in stores and office projects. While education and healthcare projects slowed in November, the institutional component remained net-positive alongside a robust increase in planning projects for government administrative buildings and religious facilities. On a year-over-year basis, the DMI was 25% higher than in November 2021, the commercial component was up 28%, and institutional planning was 21% higher.<\/p>\n<p>A total of 21 projects with a value of $100 million or more entered planning in November. The leading commercial projects included two $500 million segments of a Facebook data center in Sandston, VA, and the $400 million Sunset Industrial Park warehouse in Sunset Park, NY. The leading institutional projects comprised of the $185 million Hollywood Casino relocation in Joliet, IL, and the $160 million Smith County courthouse in Tyler, TX.<\/p>\n<p>\u201cThe Momentum Index continued to rise in November, conveying hopefulness from owners and developers that the construction sector will endure the possible economic slowdown next year,\u201d said Sarah Martin, senior economist for Dodge Construction Network. \u201cThe rate of increase in the DMI, however, has steadied over the month. Labor and supply shortages, high material costs and high interest rates could temper planning activity over the next 12 months to a more modest pace.\u201d<\/p>\n<p>The DMI is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year.<\/p>\n<p>Watch Senior Economist Sarah Martin discuss the DMI <a href=\"https:\/\/vimeo.com\/778549705\/1381a5644e\">here<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24819\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/november-dmi-300x167.png\" alt=\"November Dmi\" width=\"807\" height=\"450\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/november-dmi-300x167.png 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/november-dmi.png 927w\" sizes=\"auto, (max-width: 807px) 100vw, 807px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24820\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/novemberdmi-2-300x187.png\" alt=\"Novemberdmi 2\" width=\"720\" height=\"450\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/novemberdmi-2-300x187.png 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/novemberdmi-2.png 882w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/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:\/\/www.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>Commercial and institutional planning rise for third consecutive month HAMILTON, N.J. \u2013 December 7, 2022 \u2014 The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%,&#8230;<\/p>\n","protected":false},"author":41,"featured_media":23698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[74],"tags":[],"class_list":["post-24818","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 Advances In November | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index advanced in November, indicating increasing optimism for nonresidential building starts. See the index details.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-advances-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dodge Momentum Index Advances In November | Dodge Construction Network\" \/>\n<meta property=\"og:description\" content=\"The Dodge Momentum Index advanced in November, indicating increasing optimism for nonresidential building starts. 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During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%,...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/24818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/comments?post=24818"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/24818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media\/23698"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=24818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=24818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=24818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}