Dodge Momentum Index Increases 1% in April

Information middle surge offsets weak point in different classes.

BOSTON, MA – Might 7, 2025 — The Dodge Momentum Index (DMI), issued by Dodge Development Community, grew 0.9% in April to 205.1 (2000=100) from the downwardly revised March studying of 203.1. Over the month, industrial planning grew 3.3% whereas institutional planning fell 4.2%. 

“Regardless of an uptick in April, the majority of the DMI’s development was pushed by a surge in knowledge middle planning, whereas momentum in different nonresidential sectors lagged behind,” acknowledged Sarah Martin, affiliate director of forecasting at Dodge Development Community. “House owners and builders are navigating heightened financial and coverage uncertainty, which probably slowed down a lot of this month’s planning exercise.”  

A wave of information middle initiatives coming into planning performed a key position in boosting industrial development. With out knowledge facilities, industrial planning would have receded 2.3% in April and all the DMI would have receded 3.0%. Workplace and lodge planning noticed a pointy retreat this month, whereas warehouse and retail planning modestly ticked up. On the institutional facet, planning momentum waned for schooling, healthcare, and authorities buildings. This was barely offset by an uptick in leisure initiatives.  

In April, the DMI was up 22% when in comparison with year-ago ranges. The industrial section was up 20% from April 2024, and the institutional section was up 26% after a weak April final 12 months. If we take away all knowledge middle initiatives between 2023 and 2025, industrial planning can be down 1% from year-ago ranges and all the DMI can be up 7%.  

 A complete of 40 initiatives valued at $100 million or extra entered planning all through April. The most important industrial initiatives included the TA Realty LLC Information Heart campus in Dulles, Virginia – which incorporates 5 knowledge facilities, every valued at $384 million. It additionally included the $350 million QTS Information Heart DFW2-DC3 in Lancaster, Texas and the Powhatan Information Heart Campus in Powhatan, Virginia – which incorporates three knowledge facilities, every valued at $300 million. The most important institutional initiatives to enter planning had been the $493 million Revere Excessive Faculty in Revere, Massachusetts, the $230 million Kaiser Permanente Sunnyside Medical Heart Hospital Tower in Clackamas, Oregon, and the $203 million Kailua-Kona Hospital in Kaiminani, Hawaii.  

The DMI is a month-to-month measure of the worth of nonresidential constructing initiatives going into planning, proven to steer development spending for nonresidential buildings by a full 12 months.