By Gigi Wood | Dodge Data & AnalyticsThe Dodge Construction Network today released its Momentum Index report for March 2023 The Dodge Construction Network today released its Momentum Index report for March 2023. That report shows the index dropped 8.6% in March. This is not completely unexpected, as Dodge Construction Network has predicted that the index would weaken in 2023 as it recedes to a more normal level after historic highs in 2022. Other trends include:
- Commercial fell 6.6% and institutional decreased 12.9%
- A steady flow of research and development labs entered planning
- 18 projects with a value of $100 million or more entered the queue