{"id":25343,"date":"2023-04-06T04:58:30","date_gmt":"2023-04-06T08:58:30","guid":{"rendered":"https:\/\/www.construction.com\/?p=25343"},"modified":"2025-10-11T09:33:51","modified_gmt":"2025-10-11T13:33:51","slug":"dodge-momentum-index-drops-in-march","status":"publish","type":"post","link":"https:\/\/www.construction.com\/total-construction-starts\/dodge-momentum-index-drops-in-march\/","title":{"rendered":"Dodge Momentum Index Drops in March"},"content":{"rendered":"<p><em>Commercial and institutional planning declined over the month<\/em><\/p>\n<p><strong>HAMILTON, N.J. \u2013 April 7, 2023\u00a0<\/strong><strong>\u2014<\/strong>\u00a0The Dodge Momentum Index (DMI), issued by\u00a0<a href=\"http:\/\/construction.com\/\">Dodge<\/a>\u00a0<a href=\"https:\/\/www.construction.com\/\">Construction Network<\/a>, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%.<\/p>\n<p>\u201cWe are predicting the Dodge Momentum Index to work its way back to historical norms throughout 2023, concurrent with weaker economic conditions,\u201d stated Sarah Martin, associate director of forecasting for Dodge Construction Network. \u201cLending standards for small banks in particular have substantially tightened as banking insecurity intensifies. As a result, owners and developers are more likely to pullback in the short-term, which would further contract the DMI as we continue into the year.\u201d<\/p>\n<p>Commercial planning in March was driven down by less projects in the office and warehouse sectors, decreasing 29% and 11%, respectively. Institutional planning weakened more substantially, as healthcare fell 17%, education dipped 6%, and amusement planning activity dropped 14%. On the upside, however, a steady flow of research and development laboratories entered the queue, supporting the otherwise weakening sector. Year over year, the DMI remains 24% higher than in March 2022. The commercial component was up 37%, and the institutional component was 2% higher.<\/p>\n<p>A total of 18 projects with a value of $100 million or more entered planning in March. The leading commercial projects included a $300 million office building in Chicago, Illinois, and the $215 million 58 Logistics Center Industrial Park warehouse project in Bakersfield, California. Two projects at UT Southwestern in Dallas, Texas led the institutional sector: the $425 million School of Public Health and Health Professions building, and the $348 million rehabilitation hospital.<\/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><a href=\"https:\/\/www.youtube.com\/watch?v=HaFyMSpdpUk&#038;feature=youtu.be\">Watch Associate Director of Forecasting Sarah Martin discuss March\u2019s DMI here<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25348\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/05\/march2023dmi.png\" alt=\"March2023dmi\" width=\"722\" height=\"777\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/05\/march2023dmi.png 722w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/05\/march2023dmi-279x300.png 279w\" sizes=\"auto, (max-width: 722px) 100vw, 722px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial and institutional planning declined over the month HAMILTON, N.J. \u2013 April 7, 2023\u00a0\u2014\u00a0The Dodge Momentum Index (DMI), issued by\u00a0Dodge\u00a0Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%. \u201cWe are predicting the&#8230;<\/p>\n","protected":false},"author":41,"featured_media":25336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[73],"tags":[],"class_list":["post-25343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-total-construction-starts"],"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 Drops in March | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index drops in March, a key indicator of a cooling nonresidential construction planning pipeline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Roepke","author_link":"https:\/\/www.construction.com\/author\/amy-roepke\/"},"uagb_comment_info":0,"uagb_excerpt":"Commercial and institutional planning declined over the month HAMILTON, N.J. \u2013 April 7, 2023\u00a0\u2014\u00a0The Dodge Momentum Index (DMI), issued by\u00a0Dodge\u00a0Construction Network, slipped 8.6% in March to 183.7 (2000=100) from the revised February reading of 201.0. In March, the commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%. \u201cWe are predicting the...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/25343","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=25343"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/25343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media\/25336"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=25343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=25343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=25343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}