{"id":24826,"date":"2023-01-09T07:17:04","date_gmt":"2023-01-09T12:17:04","guid":{"rendered":"https:\/\/www.construction.com\/?p=24826"},"modified":"2023-03-16T07:17:48","modified_gmt":"2023-03-16T11:17:48","slug":"dodge-momentum-index-wraps-up-2022-with-december-growth","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/","title":{"rendered":"Dodge Momentum Index Wraps up 2022 with December Growth"},"content":{"rendered":"<p><em>Commercial and institutional planning push higher, closing year on positive note<\/em><\/p>\n<p><em><strong>HAMILTON, N.J. \u2013 January 9, 2023 \u2014<\/strong><\/em><\/p>\n<p>The Dodge Momentum Index (DMI), issued by <a href=\"https:\/\/www.construction.com\/\">Dodge Construction Network<\/a>, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional component ticked up 2.7%.<\/p>\n<p>\u201cOne of the key construction storylines for 2022 was the return of enthusiasm and optimism in prospects for nonresidential growth,\u201d stated Richard Branch, chief economist for Dodge Construction Network. \u201cWhile some of that will likely erode in 2023 as economic growth wanes, increased demand for some building types like data centers, labs, and healthcare buildings will provide a solid floor for the construction sector.\u201d<\/p>\n<p>Commercial planning in December was supported by broad-based increases across office, warehouse, retail and hotel planning. Meanwhile, institutional growth focused on recreation and public building, with education and healthcare planning activity remaining flat. On a year-over-year basis, the DMI was 40% higher than in December 2021; the commercial component was up 51%, and institutional planning was 20% higher.<\/p>\n<p>A total of 15 projects with a value of $100 million or more entered planning in December. The leading commercial projects included a $500 million Vantage Data Center in Sterling, VA and a $183 million mixed-use building in Chicago, IL. The leading institutional projects comprised of the $400 million Acute Neuropsychiatric Hospital in Los Angeles, CA, and a $185 million life sciences building in Philadelphia, PA.<\/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 Chief Economist Richard Branch discuss December\u2019s DMI <a href=\"https:\/\/vimeo.com\/786726576\/972b63ce5e\">here<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24827\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/dmi-december--293x300.png\" alt=\"Dmi December\" width=\"574\" height=\"588\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/dmi-december--293x300.png 293w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/dmi-december-.png 707w\" sizes=\"auto, (max-width: 574px) 100vw, 574px\" \/><\/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 push higher, closing year on positive note HAMILTON, N.J. \u2013 January 9, 2023 \u2014 The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional&#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-24826","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 Wraps up 2022 with December Growth | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"How are new shelter-in-place orders impacting jobs? Contractors and builders interpret the regulations to determine what work is considered essential and allowed.\" \/>\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-wraps-up-2022-with-december-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dodge Momentum Index Wraps up 2022 with December Growth | Dodge Construction Network\" \/>\n<meta property=\"og:description\" content=\"How are new shelter-in-place orders impacting jobs? Contractors and builders interpret the regulations to determine what work is considered essential and allowed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Dodge Construction Network\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DodgeData\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-09T12:17:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-16T11:17:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/07\/Construction_PR_Default_Desktop_Hero.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amy Roepke\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DodgeData\" \/>\n<meta name=\"twitter:site\" content=\"@DodgeData\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amy Roepke\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/\"},\"author\":{\"name\":\"Amy Roepke\",\"@id\":\"https:\/\/www.construction.com\/#\/schema\/person\/36bd01278d9ccdca5984486b4b361b97\"},\"headline\":\"Dodge Momentum Index Wraps up 2022 with December Growth\",\"datePublished\":\"2023-01-09T12:17:04+00:00\",\"dateModified\":\"2023-03-16T11:17:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/\"},\"wordCount\":408,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.construction.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/07\/Construction_PR_Default_Desktop_Hero.jpg\",\"articleSection\":[\"Dodge Momentum Index\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/\",\"url\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/\",\"name\":\"Dodge Momentum Index Wraps up 2022 with December Growth | Dodge Construction Network\",\"isPartOf\":{\"@id\":\"https:\/\/www.construction.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-wraps-up-2022-with-december-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/07\/Construction_PR_Default_Desktop_Hero.jpg\",\"datePublished\":\"2023-01-09T12:17:04+00:00\",\"dateModified\":\"2023-03-16T11:17:48+00:00\",\"description\":\"How are new shelter-in-place orders impacting jobs? 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