Commercial and institutional planning show improvements over the month. HAMILTON, N.J. – March 7, 2023 — The Dodge Momentum Index (DMI), issued by Dodge ...
With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction. In February, the commercial component of the DMI rose 1.4%, and the institutional component increased 2.9%. The commercial component was up 55%, and the institutional component was 22% higher. The leading commercial projects included the $500 million Northwestern Mutual Headquarters in Milwaukee, WI, and the $375 million Legacy Highlands warehouse and retail project in Beaumont, CA. The leading institutional projects comprised of the $500 million University of Michigan Residence and Dining Hall in Ann Arbor, MI, and the $213 million Center of Innovation laboratory building in Emeryville, CA. “The continued elevation in the DMI should provide hope that construction activity will grow in 2024.