Dodge Index Edges Up 1% in October, 8% Down YoY

Gigi Wood | Dodge Data & Analytics

An acceleration in commercial planning caused the momentum index to increase 1% in October, to a reading of 181.7.

  • Commercial rose 2%
  • Institutional retreated 1.4%
  • Warehouse activity accelerated and education was muted
  • 21 projects valued at $100 million or more entered planning
  • Year over year, the DMI was 8% lower than in October 2022

The Dodge Construction Network on Nov. 15 published its Dodge Momentum Index (DMI) for October 2023. Dodge Momentum Index (DMI), an economic indicator for nonresidential building projects, tracking the dollar value of these projects in the earliest stages of planning, which typically leads construction spending by about 12 months. Sarah Martin, associate director of forecasting for Dodge Construction Network, presented the results via the organization’s YouTube channel. An acceleration in commercial planning caused the momentum index to increase 1% in October, to a reading of 181.7, she said. On the commercial side, the index rose 2%, while the institutional portion fell 1%. READ FULL ARTICLE >>