Dodge Momentum Index Gained 2.9% In August — DRAFT FOR SEPT ’24

September 10, 2024

Dodge Momentum Index Gained 2.9% In August

The Dodge Momentum Index rose 2.9% in August, moving to 220.4. This was up from the revised July score of 214.2. Commercial planning increased 1.9%, and institutional planning gained 5.7%.

Sarah Martin, associate director of forecasting for Dodge Construction Network, stated, “Owners and developers continued to prime the planning queue in August, ahead of next year’s anticipated stronger market conditions.”

	Aug-24	Jul-24	% Change
Dodge Momentum Index	220.4	214.2	2.9%
Commercial Building	287.4	282.1	1.9%
Institutional Building	137.6	130.2	5.7%

Martin continued, “With the Fed’s September rate cut all but finalized, the influence of selective lending standards and inflation should moderate next year, alongside a modest upgrade to consumer demand. As a result, stronger planning activity was widespread in August, with most nonresidential sectors seeing growth.”

From a year over year prospective, Dodge stated that the DMI was 31% higher than August of 2023. Commercial activity was up 42% while institutional planning was up 8%.

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Sources: For more information about the Dodge Momentum Index, visit the Dodge Data & Analytics website.