Non-residential construction planning brought its boost from the end of 2014 to New Year, publishing growth in all sectorsAccording to the Dodge Construction Network.
The Dodge Momentum Index, a reference point that measures non -residential construction planning, jumped by 5.6% in January. Institutional planning, such as hospitals and education, led the growth of the month with an increase of 8.7%, while trade planning gained 4.2%, according to the report.
“Non -residential planning activity experienced diversified growth in January, with each vertical that experiences a positive impulse,” said Sarah Martin, an associate director of foresight at Dodge Construction Network. Despite this progress, the risks remain. “Uncertainty about tax policies, continuous work scarcity and high construction costs will continue to be heads in the construction sector.”
However, they should still support Construction expenditure In the middle of the year, Martin said. According to Dodge, the index jumped 26% from January 2024.
Commercial planning increased by 37% compared to January 2024, while institutional planning increased by 9% during this period. Data centers are still a key controller This growth, although global planning activity is also expanded.
Excluding data centers, commercial planning would have jumped by 13%, while Global DMI would have risen 11%.
A total of 33 projects with a value of $ 100 million or more entered the planning in January. Among the main commercial projects included:
- An Amazon Data Center of $ 500 million in Jeffersonville, Ohio.
- Phase 1 of the Hunter’s Ridge data center in Mclean, Virginia.
The largest institutional projects to enter the planning included:
- The expansion of the Memorial Hospital of $ 407 million in Colorado Springs, Colorado.
- The expansion of the Hospital Adventhealth of $ 300 million in Parker, Colorado.
