{"id":24830,"date":"2023-02-07T07:48:34","date_gmt":"2023-02-07T12:48:34","guid":{"rendered":"https:\/\/www.construction.com\/?p=24830"},"modified":"2025-08-07T09:53:55","modified_gmt":"2025-08-07T13:53:55","slug":"dodge-momentum-index-dips-in-january","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-dips-in-january\/","title":{"rendered":"Dodge Momentum Index Dips in January"},"content":{"rendered":"<p><em>Commercial and institutional planning both pull back over the month<\/em><\/p>\n<p><em><strong>HAMILTON, N.J. \u2013 February 7, 2023 \u2014 <\/strong><\/em><\/p>\n<p>The Dodge Momentum Index (DMI), issued by <a href=\"https:\/\/www.construction.com\/\">Dodge Construction Network<\/a>, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.<\/p>\n<p>\u201cThe Dodge Momentum Index weakened in January, after 10 consecutive months of gains. While planning activity slowed, the Index remains elevated, and the volume of projects remains steady,\u201d stated Sarah Martin, associate director of forecasting for Dodge Construction Network. \u201cAfter such strong growth in 2022, we expect the Index to work its way back towards historical norms this year, in tandem with weaker economic growth. Overall, levels of planning activity remained comparatively strong over the month \u2014 which bodes well for the construction sector.\u201d<\/p>\n<p>Weakness in commercial planning in January was broad-based, with office, warehouse, retail and hotel activity declining. Slower activity in education and amusement projects drove down the institutional portion of the Index, nullifying the impact of gains in healthcare and public planning over the month. On a year-over-year basis, the DMI remains 32% higher than in January 2022. The commercial component was up 40%, and the institutional component was 16% higher.<\/p>\n<p>A total of 26 projects with a value of $100 million or more entered planning in January. The leading commercial projects included the $325 million Westfield Data Center in Westfield, MA, and the $275 million Illinois Medical District Data Center in Chicago, IL. The leading institutional projects comprised of the $315 million USC Discovery and Translational Hub laboratory building in Los Angeles, CA, and the $211 million Granary Lab and Office Building in Salt Lake City, UT.<\/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 Associate Director of Forecasting Sarah Martin discuss January\u2019s DMI <a href=\"https:\/\/www.youtube.com\/watch?v=qgmNnfrt-9E\">here<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24831\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/jan23dmi-274x300.png\" alt=\"Jan23dmi\" width=\"537\" height=\"588\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/jan23dmi-274x300.png 274w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/jan23dmi.png 678w\" sizes=\"auto, (max-width: 537px) 100vw, 537px\" \/><\/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 both pull back over the month HAMILTON, N.J. \u2013 February 7, 2023 \u2014 The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component&#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-24830","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 Dips in January | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index dips in January, indicating a slight pause in the pace of nonresidential building project planning.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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