{"id":2793,"date":"2021-07-08T17:18:05","date_gmt":"2021-07-08T21:18:05","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/dodge-momentum-index-loses-steam-in-june\/"},"modified":"2025-10-15T09:50:09","modified_gmt":"2025-10-15T13:50:09","slug":"dodge-momentum-index-loses-steam-in-june","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-loses-steam-in-june\/","title":{"rendered":"Dodge Momentum Index Loses Steam In June"},"content":{"rendered":"<h4><strong>HAMILTON, New Jersey \u2013 July 8, 2021 \u2013<\/strong><\/h4>\n<p>Following six months of consecutive gains, the Dodge Momentum Index fell to 165.8 (2000=100) in June, down 5% from the revised May reading of 175.1. The Momentum Index, issued by Dodge Data &amp; Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.<\/p>\n<p>The decline in June was the result of losses in both institutional planning, which fell 7%, and commercial planning, which lost 4%.<\/p>\n<p>Uncertain demand for some building types (such as retail and hotels), higher material prices, and continued labor shortages are weighing down new project planning. Even with June\u2019s decline, however, the Momentum Index remains near a 13-year high and well above last year. Compared to a year earlier, both commercial and institutional planning were significantly higher than in June 2020 (39% and 46% respectively). Overall, the Momentum Index was 41% higher.<\/p>\n<p>A total of 13 projects with a value of $100 million or more entered planning during June. The leading commercial projects were a $194 million data center in Dulles VA and the $109 million FedEx warehouse in Cedar Rapids IA. The leading institutional projects were the $300 million Mt. Edgecumbe Medical Center replacement in Sitka AK and the $200 million renovation of the New York Public Library SNFL Branch in New York NY.<\/p>\n<p>June\u2019s retreat in planning activity is another sign that the recovery from the pandemic-led recession will be nonlinear. The current level of the Momentum Index and its underlying components, however, continue to signal that a more broad-based recovery in nonresidential construction starts will occur in 2022.<\/p>\n<p style=\"text-align: center;\">JUNE 2021 DODGE MOMENTUM INDEX<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" style=\"height: 588px;\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/10\/dmi-june-2021.jpg\" alt=\"Dodge Momentum Index (DMI) chart for June 2021, indicating commercial and institutional planning activity.\" \/><\/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>HAMILTON, New Jersey \u2013 July 8, 2021 \u2013 Following six months of consecutive gains, the Dodge Momentum Index fell to 165.8 (2000=100) in June, down 5% from the revised May reading of 175.1. The Momentum Index, issued by Dodge Data &amp; Analytics, is a monthly measure of the first (or initial) report for nonresidential building&#8230;<\/p>\n","protected":false},"author":41,"featured_media":23698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[74],"tags":[],"class_list":["post-2793","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 Loses Steam In June | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index loses steam in June. 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The Momentum Index, issued by Dodge Data &amp; Analytics, is a monthly measure of the first (or initial) report for nonresidential building...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/2793","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=2793"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/2793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media\/23698"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=2793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=2793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=2793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}