Planning exercise sees widespread development over the month.
BOSTON, M.A. – February 7, 2025 — The Dodge Momentum Index (DMI), issued by Dodge Development Community, grew 5.6% in January to 225.7 (2000=100) from the revised December studying of 213.6. Over the month, business planning elevated 4.2% whereas institutional planning improved 8.7%.
“Nonresidential planning exercise noticed diversified development in January, with each vertical experiencing constructive momentum,” said Sarah Martin, affiliate director of forecasting at Dodge Development Community. “Uncertainty over fiscal insurance policies, ongoing labor shortages and elevated development prices will proceed to be headwinds to the development sector. Nevertheless, additional financial easing and the sizable variety of tasks in planning ought to assist development spending within the again half of the 12 months.”
On the business facet, information middle, conventional workplace constructing, and warehouse planning led this month’s positive factors. Schooling and healthcare planning supported the institutional portion, particularly on the hospital facet. In January, the DMI was up 26% when in comparison with year-ago ranges. The business section was up 37% from January 2024, whereas the institutional section was up 9% over the identical interval. The affect of knowledge facilities on the DMI this 12 months stays substantial. If we take away all information middle tasks between 2023 and 2025, business planning could be up 13% from year-ago ranges, and the complete DMI could be up 11%.
A complete of 33 tasks valued at $100 million or extra entered planning all through January. The biggest business tasks included the $500 million Amazon Knowledge Middle in Jeffersonville, Ohio, and Part 1 of the Hunter’s Ridge Knowledge Middle in Mclean, Virginia. The biggest institutional tasks to enter planning had been the $407 million Memorial Hospital enlargement in Colorado Springs, Colorado and the $300 million AdventHealth Hospital enlargement in Parker, Colorado.
The DMI is a month-to-month measure of the worth of nonresidential constructing tasks going into planning, proven to guide development spending for nonresidential buildings by a full 12 months.
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