Institutional planning drives month-to-month good points
BOSTON, MA – June 6, 2025 — The Dodge Momentum Index (DMI), issued by Dodge Building Community, grew 3.7% in Might to 211.2 (2000=100) from the downwardly revised April studying of 203.5. Over the month, industrial planning grew 0.8% whereas institutional planning improved 10.5%.
“Nonresidential planning continued to speed up in Might, primarily pushed by sturdy venture exercise on the institutional aspect of the DMI,” said Sarah Martin, affiliate director of forecasting at Dodge Building Community. “Planning momentum reasonably improved on the industrial aspect as effectively, following subdued progress in that sector over the previous few months – outdoors of information facilities. Elevated financial and coverage uncertainty will proceed to contribute to heightened volatility within the venture information – however in combination, planning exercise is on regular footing.”
After a really sturdy April, information heart initiatives returned to extra typical ranges in Might and constrained general industrial planning. With out information heart initiatives, the industrial portion of the DMI would have improved 5% and your entire DMI would have grown 7% over the month. Accelerated warehouse and lodge planning drove the industrial portion of the Index, whereas workplace and retail planning remained flat. On the institutional aspect, a robust uptick in schooling and leisure initiatives drove this month’s good points, partially offset by a light slowdown in healthcare planning.
In Might, the DMI was up 24% when in comparison with year-ago ranges. The industrial section was up 15% from Might 2024, and the institutional section was up 47% after a weak Might final yr. If all information heart initiatives between 2023 and 2025 are excluded, industrial planning can be up 4% from year-ago ranges and your entire DMI can be up 17%.
A complete of 33 initiatives valued at $100 million or extra entered planning all through Might. The biggest industrial initiatives included the $486 million Evolve Power Companions Information Heart in Warrenton, Missouri, the $366 million LEGO Warehouse and Distribution Facility in Prince George, Virginia, and the $330 million Summit Crossing Information Heart (Constructing 2) in Fredericksburg, Virginia. The biggest institutional initiatives to enter planning have been the $500 million renovations to the Honda Heart in Anaheim, California, the $238 million section 2 of the Sterling Bay Pacific Heart analysis and growth constructing in San Diego, California, and the $201 million affected person tower at Berkeley Medical Heart in Martinsburg, West Virginia.
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 yr.
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