DMI Inches to 14-Year High in June
July 11, 2022
DMI Inches to 14-Year High in June
The Dodge Momentum Index grew less than a percentage point in June moving to 173.6. This was up from the revised May score of 173.1. While the gain was slight, the Index reached a 14-year high.
The commercial planning index moved up gaining 4.1%, while the institutional component dropped 6.2%.
| Jun-22 | May-22 | % Change | |
| Dodge Momentum Index | 173.6 | 173.1 | 0.3% |
| Commercial Building | 206.2 | 198.1 | 4.1% |
| Institutional Building | 133.3 | 142.1 | -6.2% |
“A new cyclical high in the Momentum Index is a sign that developers feel that projects still have hope of moving forward, despite concerns of an impending economic slowdown. However, this sentiment will be tested in the months to come as higher interest rates eat away at business and consumer confidence,” said Richard Branch, chief economist for Dodge Construction Network.”
For more information about the Dodge Momentum Index, visit the Dodge Data & Analytics website.