The Dodge Momentum Index (DMI), a leading indicator of nonresidential building activity issued by Dodge Construction Network, jumped 20.8% in July 2025, reaching a record high of 280.4. Growth was fueled by a surge in planning for data centers, R&D labs, hospitals, and service stations, alongside steady momentum in hotels, warehouses, and recreational projects.
Institutional planning led the increase with a 35% rise, while commercial planning grew 14%. Compared to July 2024, overall activity was up 41%, with institutional projects climbing 85%. Major projects entering planning included the $500 million Fairview Connections Data Center in Pennsylvania and a $459 million R&D campus in Arizona.
Dodge notes that while project planning has accelerated after months of delays tied to tariff uncertainty, economic volatility may continue to impact future activity.
đź“– Read the full article on Dodge Construction Network: Dodge Momentum Index Surges 21% in July
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