The Dodge Momentum Index, issued by Dodge Construction Network, grew 5.6% in January to 225.7 (2000=100) from the revised December reading of 213.6. Over the month, commercial planning increased 4.2% while institutional planning improved 8.7%.
On the commercial side, data center, traditional office building and warehouse planning led this month’s gains. Education and healthcare planning supported the institutional portion, especially on the hospital side. In January, the DMI was up 26% when compared to year-ago levels. The commercial segment was up 37% from January 2024, while the institutional segment was up 9% over the same period.
A total of 33 projects valued at $100 million or more entered planning throughout January. The largest commercial projects included the $500-million Amazon Data Center in Jeffersonville, Ohio and Phase 1 of the Hunter’s Ridge Data Center in Mclean, Virginia. The largest institutional projects to enter planning were the $407-million Memorial Hospital expansion in Colorado Springs, Colorado and the $300-million AdventHealth Hospital expansion in Parker, Colorado.
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.
