The new Dodge Momentum Index (DMI) for the month of October has shown a decrease of 5.3% to a new score of 197.2. This is down from Septembers revised reading of 208.2. Over the month, commercial planning fell 6.7%, and institutional planning declined 2.0%.The declines were reflected in most commercial planning categories with hotels serving as the sole outlier. Education and public planning activity expanded the institutional side, which was offset slightly by weaker activity in healthcare, recreational, and religious projects. Overall, the DMI was 13% higher than in October of 2023."In addition to data center planning normalizing, a moderate pullback in the number of planning projects for several other nonresidential sectors also contributed to the decline in the Dodge Momentum Index for October," Sarah Martin, the associate director of forecasting at Dodge Construction Network, said. "Regardless, owners and developers remain confident in next years market conditions, and t...