{"id":2830,"date":"2021-12-06T10:28:27","date_gmt":"2021-12-06T15:28:27","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/dodge-momentum-index-declines-in-november-2021\/"},"modified":"2025-10-15T09:38:21","modified_gmt":"2025-10-15T13:38:21","slug":"dodge-momentum-index-declines-in-november-2021","status":"publish","type":"post","link":"https:\/\/www.construction.com\/dodge-momentum-index\/dodge-momentum-index-declines-in-november-2021\/","title":{"rendered":"Dodge Momentum Index Declines In November"},"content":{"rendered":"<p><em><strong>Commercial loss pulls Index lower, despite gains in institutional planning<\/strong><\/em><\/p>\n<h4><strong>HAMILTON, New Jersey \u2013 December 7, 2021 \u2013<\/strong><\/h4>\n<p>The Dodge Momentum Index fell 4% in November to 171.7 (2000=100) \u2014 down from the revised October reading of 178.1. The Momentum Index, issued by <a href=\"https:\/\/www.construction.com\/\">Dodge Construction Network<\/a>, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In November, commercial planning fell 8% while institutional planning moved 5% higher.<\/p>\n<p>The value of nonresidential building projects continues to move in a sawtooth pattern, alternating between a month of gains followed by a loss. Since the pandemic began, nonresidential building projects entering planning have been more volatile than in past cycles, likely driven by increased challenges from higher prices and lack of labor.<\/p>\n<p>Despite these issues and a lack of underlying demand for some building types such as offices and hotels, the Momentum Index remains near a 14-year high. Compared to November 2020, the Momentum Index was 44% higher in November 2021. The commercial planning component was 45% higher, and institutional was 41% higher.<\/p>\n<p>A total of 10 projects with a value of $100 million or more entered planning in November. The leading commercial projects were a $240 million Seefried Industrial Properties warehouse in Mesa, AZ, and a $158 million Prologis warehouse in Lebanon, TN. The leading institutional projects were the $450 million Wake Forest Baptist Medical Center in Winston-Salem, NC, and the $241 million Hoboken High School in Hoboken, NJ.<\/p>\n<p>Planning data continues to suggest a healthy level of construction to come in 2022. However, due to higher prices and shortages of labor, actual growth is expected to be modest. The new Omicron variant for COVID-19, and its potential impact on economic growth, highlights the tremendous uncertainly the construction sector will face over the coming year.<\/p>\n<p style=\"text-align: center;\"><strong>November 2021 DODGE MOMENTUM INDEX<\/strong><\/p>\n<p><img decoding=\"async\" style=\"height: 588px;\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2022\/09\/DMI-nov-2021.jpg\" alt=\"Dodge Momentum Index (DMI) chart for November 2021, illustrating 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><br \/>\n<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 loss pulls Index lower, despite gains in institutional planning HAMILTON, New Jersey \u2013 December 7, 2021 \u2013 The Dodge Momentum Index fell 4% in November to 171.7 (2000=100) \u2014 down from the revised October reading of 178.1. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for&#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-2830","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 Declines In November | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The Dodge Momentum Index declined in November 2021. See the data and expert analysis on the pullback in nonresidential planning.\" \/>\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-declines-in-november-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dodge Momentum Index Declines In November | Dodge Construction Network\" \/>\n<meta property=\"og:description\" content=\"The Dodge Momentum Index declined in November 2021. 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The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/2830","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=2830"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/2830\/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=2830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=2830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=2830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}