Institutional Planning Drives DMI Higher In March
April 7, 2021
Institutional Planning Drives DMI Higher In March
The Dodge Momentum Index gained by 1.7% in February, moving to 151.4. This was up from the revised February reading of 148.8. The commercial component of the index was down 3.9%. The institutional component rose by 14.0%, continuing the upward surge from the previous month.
| Mar-21 | Feb-21 | % Change | |
| Dodge Momentum Index | 151.4 | 148.8 | 1.7% |
| Commercial Building | 177.0 | 184.2 | -3.9% |
| Institutional Building | 119.7 | 105.0 | 14.0% |
The DMI for March was up 11% versus the same time a year ago.
Describing market conditions, Dodge Data & Analytics stated, “While healthcare and lab projects continue to dominate institutional planning, March saw a more broad-based selection of project types including education and recreation buildings. Institutional building construction rose 14.0% from February, while year-over-year comparisons showed a 10% increase for the sector. Commercial construction, however, dipped 3.9% for the month due to a slight pullback in warehouse activity that other commercial projects could not make up for, though the sector showed a 12% increase from March 2020 in year-over-year comparisons.”