{"id":26036,"date":"2024-05-07T08:00:34","date_gmt":"2024-05-07T12:00:34","guid":{"rendered":"https:\/\/www.construction.com\/?p=26036"},"modified":"2025-03-13T21:50:21","modified_gmt":"2025-03-14T01:50:21","slug":"dodge-momentum-index-rose-6-in-april","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-rose-6-in-april\/","title":{"rendered":"Dodge Momentum Index Rose 6% in April"},"content":{"rendered":"<div align=\"center\">\n<p><iframe loading=\"lazy\" title=\"Dodge Momentum Index - April 2024\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/8r3zTp-XsjQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p style=\"text-align: left;\"><em>Data center projects dominated planning activity over the month<\/em><\/p>\n<p style=\"text-align: left;\"><strong>BEDFORD, M.A. \u2013 May 7, 2024 <\/strong><strong>\u2014<\/strong> The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%.<\/p>\n<p style=\"text-align: left;\">\u201cThe Dodge Momentum Index (DMI) saw positive progress in April, alongside a deluge of data center projects that entered the planning stage,\u201d stated Sarah Martin, associate director of forecasting at Dodge Construction Network. \u201cOutsized demand to build Cloud and AI infrastructure is supporting above-average activity in the sector. Most other categories, however, faced slower growth over the month. Across these industries, it\u2019s likely that owners and developers are grappling with uncertainty around interest rates and lending standards, thus delaying their decisions to push projects into the planning queue. If interest rates begin to tick down in the latter half of 2024, more substantive growth in nonresidential planning activity should follow.\u201d<\/p>\n<p style=\"text-align: left;\">A flood of data center projects entered planning in April, causing robust growth in the commercial segment of the DMI, while traditional office and hotel projects continued to face slower momentum. Warehouse planning was basically flat. On the institutional side, education and healthcare planning activity receded again \u2013 in part, driven by another month of weak life science and R&amp;D laboratory activity. Year over year, the DMI was 1% lower than in April 2023. The commercial segment was up 6% from year-ago levels, while the institutional segment was down 15% over the same period.<\/p>\n<p style=\"text-align: left;\">In April, a total of 25 projects valued at $100 million or more entered planning. The largest commercial projects included the $1 billion Convergent Technology Park in Remington, Virginia, the $630 million Dulles Digital Data Center (Buildings 8 and 6) in Dulles, Virginia, and the $330 million Google Red Hawk Data Center (Phase 2) in Mesa, Arizona. The largest institutional projects to enter planning were the $275 million Win-River Resort and Casino in Redding, California and the $254 million AdventHealth Hospital in Weaverville, North Carolina.<\/p>\n<p style=\"text-align: left;\">The DMI is a monthly measure of the value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26037\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/05\/April-2024-DMI.jpg\" alt=\"April 2024 DMI\" width=\"1354\" height=\"1448\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/05\/April-2024-DMI.jpg 1354w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/05\/April-2024-DMI-281x300.jpg 281w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/05\/April-2024-DMI-958x1024.jpg 958w\" sizes=\"auto, (max-width: 1354px) 100vw, 1354px\" \/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Data center projects dominated planning activity over the month BEDFORD, M.A. \u2013 May 7, 2024 \u2014 The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%. \u201cThe Dodge Momentum&#8230;<\/p>\n","protected":false},"author":41,"featured_media":25376,"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-26036","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 Rose 6% in April | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index rose 6% in April, signaling a healthy rebound in the planning stages for nonresidential buildings.\" \/>\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":2,"uagb_excerpt":"Data center projects dominated planning activity over the month BEDFORD, M.A. \u2013 May 7, 2024 \u2014 The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%. \u201cThe Dodge Momentum...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/26036","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=26036"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/26036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media\/25376"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=26036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=26036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=26036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}