{"id":2801,"date":"2021-08-06T14:35:11","date_gmt":"2021-08-06T18:35:11","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/dodge-momentum-index-pulls-back-in-july\/"},"modified":"2025-10-15T09:52:54","modified_gmt":"2025-10-15T13:52:54","slug":"dodge-momentum-index-pulls-back-in-july","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-pulls-back-in-july\/","title":{"rendered":"Dodge Momentum Index Pulls Back in July"},"content":{"rendered":"<p><em><strong>Commercial planning pushes Index to seventh consecutive monthly gain<\/strong><\/em><\/p>\n<h4><strong>HAMILTON, New Jersey \u2013 August 6, 2021 \u2013<\/strong><\/h4>\n<p>The Dodge Momentum Index fell to 155.8 (2000=100) in July, a 6% decline from the revised June reading of 164.9. The Momentum Index, issued by <a href=\"https:\/\/www.construction.com\/\">Dodge Data &amp; Analytics<\/a>, 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>Both components of the Momentum Index fell in July. Commercial planning fell 3%, while institutional planning dropped 9%.<\/p>\n<p>The Momentum Index posted strong gains through much of the winter and spring as the economy and building markets began to stabilize following the recession. While the economy has continued its forward progress through the summer, the Index has regressed somewhat as higher material prices and shortages of skilled labor continue to exert a strong influence over the construction sector. Despite the declines in June and July, the Momentum Index remains near levels last seen in 2018. Compared to a year earlier, the Momentum Index was 25% higher than in July 2020 \u2014 institutional planning was up 27% and commercial planning was 25% higher than last year.<\/p>\n<p>A total of 11 projects with a value of $100 million or more entered planning during July. The leading commercial projects were a $240 million Microsoft Data Center in San Antonio, TX and a $200 million Amazon, Inc. fulfillment center (Project Basie) in Woodburn, OR. The leading institutional projects were the $225 million Baptist Health Hardin Medical Pavilion in Elizabethtown, KY and the $200 million AdventHealth Narcoossee campus in Orlando, FL.<\/p>\n<p>The pressures caused by higher material prices and labor are unlikely to ease anytime soon and, when added to the rising number of COVID-19 cases caused by the Delta variant, raises concerns that the nascent recovery in construction may stall in the months ahead.<\/p>\n<p style=\"text-align: center;\"><strong>JULY 2021 DODGE MOMENTUM INDEX<\/strong><\/p>\n<p><img decoding=\"async\" style=\"height:588px;\" class=\"aligncenter\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/10\/dmi-july-2021.jpg\" alt=\"Dodge Momentum Index (DMI) chart for July 2021, illustrating trends in nonresidential construction planning.\" \/><\/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 planning pushes Index to seventh consecutive monthly gain HAMILTON, New Jersey \u2013 August 6, 2021 \u2013 The Dodge Momentum Index fell to 155.8 (2000=100) in July, a 6% decline from the revised June reading of 164.9. The Momentum Index, issued by Dodge Data &amp; Analytics, is a monthly measure of the first (or initial)&#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-2801","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 Pulls Back in July | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index pulls back in July, signaling a cautious approach to future nonresidential project planning. Get the full analysis.\" \/>\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-pulls-back-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dodge Momentum Index Pulls Back in July | Dodge Construction Network\" \/>\n<meta property=\"og:description\" content=\"The Dodge Momentum Index pulls back in July, signaling a cautious approach to future nonresidential project planning. 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The Momentum Index, issued by Dodge Data &amp; Analytics, is a monthly measure of the first (or initial)...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/2801","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=2801"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/2801\/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=2801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=2801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=2801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}