ARCHINECT.COM
Dodge Momentum Index continues to climb with 2.9% jump in August
The Dodge Momentum Index (DMI) for August reports a 2.9% increase to a new score of 220.4 following Julys revised total of 214.2. Over the month, commercial planning expanded by 1.9%, and institutional planning was up another 5.7%."Owners and developers continued to prime the planning queue in August, ahead of next years anticipated stronger market conditions," Sarah Martin, the associate director of forecasting at Dodge Construction Network, said. "With the Feds September rate cut all but finalized, the influence of selective lending standards and inflation should moderate next year, alongside a modest upgrade to consumer demand. As a result, stronger planning activity was widespread in August, with most nonresidential sectors seeing growth."The commercial planning sector was led again by data center and warehouse projects, while on the institutional side, healthcare projects continued to be a primary driver.Related on Archinect: Architecture's Interest Rate Prayers Answer...