b'Dodge Momentum Index Decreases 1% inprojects going into planning, shown to lead Novemberconstruction spending for nonresidential buildings by a full year to 18 months. Nonresidential Planning Pipeline Continues to SettleBOSTON, MADecember 5, 2025The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 1.1% in November to 276.8 (2000=100) from the downwardly revised October reading of 280.0. Over the month, commercial planning ticked down 0.1% and institutional planning declined by 3.4%. Year-to-date, the DMI is up 36% from the average reading over the same period in 2024. The influx of high-value data center work, compounded by inflationary cost pressures, continues to support elevated DMI levels, stated Sarah Martin, Associate Director of Forecasting at Dodge Construction Network. Overall, nonresidential construction is expected to strengthen in 2027, led primarily by data center and healthcare projects. Other nonresidential sectors are more likely to face softer demand and heightened macroeconomic risks.On the commercial side, activity slowed down for warehouses and hotels, while planning momentum was sustained for data centers, traditional office buildings and retail stores. On the institutional side, education, healthcare, public and recreational planning sawAbout Dodge Construction Network weaker momentum, after strong activity in recentDodge Construction Network harnesses data, months. Planning for religious buildings, however,analytics, and industry connections to be the continued to accelerate. Year-over-year, the DMI wasleading source of insights and opportunities in up 50% when compared to November 2024. Thethe commercial construction industry. With five commercial segment was up 57% (+36% when datatrusted solutions-Dodge Construction Central, centers are removed) and the institutional segment wasThe Blue Book, Sweets, IMS, and Principia-up 37% over the same period.Dodge connects construction professionals across all stages of the building process. A total of 28 projects valued at $100 million or moreDesigned for both small teams and large entered planning throughout November. The largestenterprises, these tools simplify complexity, commercial project included the $406 million Novvaempowering you to build thriving businesses and Mesa Data Center (Phase 2, 204MW) in Mesa,communities. With over a century of experience, Arizona, the $317 million Compass Data CenterDodge Construction Network is the catalyst for (Buildings 4 & 5) in Hoffman Estates, Illinois, and themodern construction. To learn more, Medina Technology Data Center Park in Medina,visit construction.com. Texas. The largest institutional projects to enter planning were the $425 million Novi SchoolMedia Contact: Renovations in Novi, Michigan, the $250 million| pr@construction.comJames City County Government Complex relocation in Williamsburg, Virginia and the $180 million Police and Fire Administration Headquarters in Mountain View, California. The DMI is a monthly measure based on the three-month moving value of nonresidential building 6'