Planning exercise flattens over the month.
BOSTON, M.A. – March 7, 2025 — The Dodge Momentum Index (DMI), issued by Dodge Building Community, grew 0.7% in February to 225.6 (2000=100) from the revised January studying of 223.9. Over the month, industrial planning elevated 3.3% whereas institutional planning fell 4.6%.
“Planning momentum moderated in February, after just a few months of stronger development,” acknowledged Sarah Martin, affiliate director of forecasting at Dodge Building Community. “Knowledge facilities proceed to prop up development within the total index. With out them, the DMI would have decreased 2% this month. Elevated uncertainty round materials costs and monetary insurance policies might start to weigh on planning choices, however in the intervening time, planning exercise is essentially persevering with to maneuver ahead.”
On the industrial aspect, information middle, conventional workplace constructing, and retail planning led this month’s positive aspects, whereas weaker training planning introduced down the institutional portion. In February, the DMI was up 27% when in comparison with year-ago ranges. The industrial phase was up 43% from February 2024, whereas the institutional phase was up 2% over the identical interval. The affect of information facilities on the DMI this 12 months stays substantial. If we take away all information middle initiatives between 2023 and 2025, industrial planning could be up 12% from year-ago ranges, and the whole DMI could be up 8%.
A complete of 26 initiatives valued at $100 million or extra entered planning all through February. The biggest industrial initiatives included the $500 million Tract Knowledge Heart Park in Chester, Virginia, and the SAT93 and SAT94 Microsoft Knowledge Heart initiatives in San Antonio, Texas – every valued at $350 million. The biggest institutional initiatives to enter planning had been the $329 million Burlington Excessive College in Burlington, Massachusetts, the $300 million T-Cellular Enviornment renovation in Las Vegas, Nevada, and the $300 million North Dakota State Hospital in Jamestown, North Dakota.
The DMI is a month-to-month measure of the worth of nonresidential constructing initiatives going into planning, proven to guide building spending for nonresidential buildings by a full 12 months.
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