Planning exercise flattens over the month.
BOSTON, M.A. – March 12, 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, business planning elevated 3.3% whereas institutional planning fell 4.6%.
“Planning momentum moderated in February, after a number of months of stronger progress,” acknowledged Sarah Martin, affiliate director of forecasting at Dodge Building Community. “Knowledge facilities proceed to prop up progress within the general index. With out them, the DMI would have decreased 2% this month. Elevated uncertainty round materials costs and monetary insurance policies could start to weigh on planning choices, however in the intervening time, planning exercise is basically persevering with to maneuver ahead.”
On the business facet, information heart, 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 business phase was up 43% from February 2024, whereas the institutional phase was up 2% over the identical interval. The affect of knowledge facilities on the DMI this yr stays substantial. If we take away all information heart initiatives between 2023 and 2025, business planning can be up 12% from year-ago ranges, and all the DMI can be up 8%.
A complete of 26 initiatives valued at $100 million or extra entered planning all through February. The most important business initiatives included the $500 million Tract Knowledge Middle Park in Chester, Virginia, and the SAT93 and SAT94 Microsoft Knowledge Middle initiatives in San Antonio, Texas – every valued at $350 million. The most important institutional initiatives to enter planning had been the $329 million Burlington Excessive Faculty in Burlington, Massachusetts, the $300 million T-Cell Area 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 yr.
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