by Threat calculated on 10/10/2022 15:08:00
From Dodge Information Analytics: Dodge Momentum Index rises in September
The Dodge Momentum Index (DMI), printed by Dodge Building Community, improved by 5.7% (2000=100) in September to 183.2 from August’s revised studying of 173.4. The DMI is a month-to-month preliminary report measurement for non-residential building initiatives being deliberate. In September, the industrial part of the Momentum Index rose 2.9%, whereas the institutional part additionally rose, posting a double-digit achieve of 11.7%.
After a powerful exhibiting in September, the DMI landed lower than 5% beneath an all-time excessive. Commercially, the determine was primarily supported by an inflow of information facilities coming into the planning queue. The institutional part noticed a notable enhance in analysis and improvement laboratory initiatives within the training sector, with sturdy inputs from healthcare and recreation initiatives coming into the planning course of. On an annual foundation, the DMI was 26% larger than in September 2021; the industrial part elevated by 25% and the institutional planning elevated by 28%.
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This chart reveals the Dodge Momentum Index since 2002. The index was 183.2 in September, down from 173.4 in August.
In line with Dodge, this index tops “a full 12 months of building spending for non-residential buildings.” This index suggests a powerful restoration in industrial actual property building on the finish of this 12 months and in 2023.