{"id":26050,"date":"2024-06-07T08:00:50","date_gmt":"2024-06-07T12:00:50","guid":{"rendered":"https:\/\/www.construction.com\/?p=26050"},"modified":"2025-03-13T21:50:22","modified_gmt":"2025-03-14T01:50:22","slug":"dodge-momentum-index-improved-3-in-may","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/","title":{"rendered":"Dodge Momentum Index Improved 3% in May"},"content":{"rendered":"<div align=\"center\">\n<p><iframe loading=\"lazy\" title=\"Dodge Momentum Index - May 2024\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Yx5C3-YNDvQ?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>Commercial planning gains steam while institutional projects retreat<\/em><\/p>\n<p style=\"text-align: left;\"><strong>BEDFORD, M.A. \u2013 June 7, 2024 <\/strong><strong>\u2014<\/strong> The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 2.7% in May to 179.0 (2000=100) from the revised April reading of 174.3. Over the month, commercial planning progressed 5.5% and institutional planning slowed by 3.4%.<\/p>\n<p style=\"text-align: left;\">\u201cOwners and developers are gaining confidence in 2025 market conditions, alongside more stable and predictable interest rates \u2013 spurring stronger commercial activity over the month,\u201d stated Sarah Martin, associate director of forecasting at Dodge Construction Network. \u201cConversely, after last year\u2019s growth, institutional planning is decelerating, as high material costs, labor shortages, and elevated interest rates seep into planning decisions. The overall DMI remains 40% higher than May 2019 levels, indicating a steady pipeline of construction projects that will be ready to break ground through mid-2025.\u201d<\/p>\n<p style=\"text-align: left;\">Data center planning supported growth on the commercial side of the index in May, alongside a steady acceleration in retail planning over the last six months. Marginal increases in project activity were also seen in hotel and warehouse planning. For the third consecutive month, healthcare and education planning activity slowed &#8211; constraining total institutional planning momentum. Public project planning activity also slackened this month, while the value of amusement planning projects has been picking up speed recently. In May, the DMI was 7% lower than year-ago levels, following an abnormally strong May 2023. The commercial segment was up 8% from year-ago levels, while the institutional segment was down 32% over the same period.<\/p>\n<p style=\"text-align: left;\">A total of 19 projects valued at $100 million or more entered planning throughout the month of May. The largest commercial project included the $500 million renovation of the former Mirage Hotel to a Hard Rock Hotel and Casino in Las Vegas, Nevada. The next two largest commercial projects to enter planning included the $495 million Prime Data Center in Fort Worth, Texas and the $481 million Prime Data Center in Garland, Texas. The largest institutional projects to enter planning were the $377 million renovation project to Neyland Stadium at the University of Tennessee and the $350 million Woodland Research and Technology Office in Woodland, California.<\/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 style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26061\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/06\/dmi-2024-may.png\" alt=\"DMI 2024 May\" width=\"992\" height=\"1062\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/06\/dmi-2024-may.png 992w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/06\/dmi-2024-may-280x300.png 280w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/06\/dmi-2024-may-957x1024.png 957w\" sizes=\"auto, (max-width: 992px) 100vw, 992px\" \/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Commercial planning gains steam while institutional projects retreat BEDFORD, M.A. \u2013 June 7, 2024 \u2014 The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 2.7% in May to 179.0 (2000=100) from the revised April reading of 174.3. Over the month, commercial planning progressed 5.5% and institutional planning slowed by 3.4%. \u201cOwners and developers&#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-26050","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 Improved 3% in May | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index improved 3% in May. Analyze the first signs of recovery in nonresidential building planning activity.\" \/>\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-improved-3-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dodge Momentum Index Improved 3% in May | Dodge Construction Network\" \/>\n<meta property=\"og:description\" content=\"The Dodge Momentum Index improved 3% in May. Analyze the first signs of recovery in nonresidential building planning activity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/\" \/>\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=\"2024-06-07T12:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-14T01:50:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/dodge-news-article.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\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-improved-3-in-may\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/\"},\"author\":{\"name\":\"Amy Roepke\",\"@id\":\"https:\/\/www.construction.com\/#\/schema\/person\/36bd01278d9ccdca5984486b4b361b97\"},\"headline\":\"Dodge Momentum Index Improved 3% in May\",\"datePublished\":\"2024-06-07T12:00:50+00:00\",\"dateModified\":\"2025-03-14T01:50:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/\"},\"wordCount\":375,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.construction.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/dodge-news-article.jpg\",\"articleSection\":[\"Dodge Momentum Index\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/\",\"url\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/\",\"name\":\"Dodge Momentum Index Improved 3% in May | Dodge Construction Network\",\"isPartOf\":{\"@id\":\"https:\/\/www.construction.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-improved-3-in-may\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/03\/dodge-news-article.jpg\",\"datePublished\":\"2024-06-07T12:00:50+00:00\",\"dateModified\":\"2025-03-14T01:50:22+00:00\",\"description\":\"The Dodge Momentum Index improved 3% in May. 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Over the month, commercial planning progressed 5.5% and institutional planning slowed by 3.4%. \u201cOwners and developers...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/26050","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=26050"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/26050\/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=26050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=26050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=26050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}