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Non -residential Construction planning lost some impulse In February after several months of stronger growth, according to Dodge Construction Network.
Dodge Momentum Index, a reference point that traces non -residential construction planning, increased by 0.7% in February. Unlike the previous months, institutional planning, such as hospitals and education, slowed global growth, dropping 4.6% in February. Commercial planning, on the other hand, led by data centers, offset by 3.3%, according to the report.
“Impulse planning was moderated in February after a few months of stronger growth,” said Sarah Martin, an associate director of the forecast at Dodge Construction Network. “Increase uncertainty around material prices And fiscal policies can weigh planning decisions, but for the moment, planning activity is still largely moving forward. “
The data centers exceeded the general activity, said Martin. Without these projects, DMI would have decreased by 2% in February, according to Dodge.
However, despite the slowest pace of activity planning in sectors outside the data centers, the index is still higher annually. The index jumped by 27% compared to February 2024, with a commercial planning that increased by 43% in this period and institutional planning increased by 2%.
Much of this annual growth is due to the rise of the data center. Without the segment, commercial planning would have increased by 12% last year, or less than half its current growth, while Global DMI would have jumped only 8%, according to Dodge.
A total of 26 projects with a value of $ 100 million or more entered the planning in February, seven less than the previous month. Among the main commercial projects included:
- The $ 500 million data center in Chester, Virginia.
- The projects of the Microsoft SAT93 and SAT94 data center in San Antonio, Texas, with a value of $ 350 million.
The largest institutional projects to enter the planning included:
- Burlington High School of $ 329 million in Burlington, Massachusetts.
- The $ 300 million T-Mobile renewal in Las Vegas.
- North Dakota State Hospital of $ 300 million in Jamestown, North Dakota.
