The Dodge Momentum Index (DMI), which traces the value of the construction of non -residential buildings in the planning phase, reached 280.4 in July, an increase of 20.8% since June. In the first seven months of the year, the index is 27% higher than the same period last year.
“After months of waiting and sight due to fare uncertainty, the owners and developers have begun to move forward in projects and have taken higher costs for them,” said Sarah Martin, an associate director of the forecast at Dodge Construction Network, in a statement. “As economic and fiscal uncertainty continues to prevail, the volatility in the planning of the activity will remain high.”
In the commercial sector, DMI has grown by 14.2% since June, with the planning of data centers and warehouses that increased the largest increase. Institutional planning increased by 35.1%, caused by the growth of the sectors of education, health and public construction. Generally, 47 projects estimated in more than $ 100 million reached the planning phase in July, according to Dodge Data.
“Data planning fired in July at the back of several major projects that enter the planning queue for data centers, research and development laboratories, hospitals and service stations,” said Martin. “Combined with more organic impulse in the planning of hotels, warehouses and recreational projects, the accumulated activity promoted the highest records in the DMI.”
