b'Dodge Momentum Index Wraps up 2022 with December GrowthCommercial and institutional planning push higher, closing year on positive noteHAMILTON, N.J.January 9, 2023The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercialcomponent of the DMI rose 8.4%, and theinstitutional component ticked up 2.7%.One of the key construction storylines for 2022 was the return of enthusiasm and optimism in prospects for nonresidential growth, stated Richard Branch, chief economist for Dodge Construction Network. While some of that will likely erode in 2023 aseconomic growth wanes, increased demand for some building types like data centers, labs, and healthcare buildings will provide a solid floor for theAbout Dodge Construction construction sector. Network Commercial planning in December was supported by broad-based increases across office, warehouse, Dodge Construction Network leverages an unmatched retail and hotel planning. Meanwhile, institutionaloffering of data, analytics, and industry-spanninggrowth focused on recreation and public building,relationships to generate the most powerful source of with education and healthcare planning activity information, knowledge, insights, and connections in remaining flat. On a year-over-year basis, the DMIthe commercial construction industry. was 40% higher than in December 2021; thecommercial component was up 51%, and institutional planning was 20% higher.The company powers four longstanding and trusted industry solutionsDodge Data & Analytics, The A total of 15 projects with a value of $100 million orBlue Book Network, Sweets, and IMSto connect the more entered planning in December. The leadingdots across the entire commercial constructioncommercial projects included a $500 millionecosystem. Vantage Data Center in Sterling, VA and a $183 million mixed-use building in Chicago, IL. The lead- Together, these solutions provide clear and actionable ing institutional projects comprised of the $400opportunities for both small teams and enterprise million Acute Neuropsychiatric Hospital in Losfirms. Purpose-built to streamline the complicated, Angeles, CA, and a $185 million life sciences Dodge Construction Network ensures that construction building in Philadelphia, PA. professionals have the information they need to build successful businesses and thriving communities. With The DMI is a monthly measure of the initial reportover a century of industry experience, Dodge for nonresidential building projects in planning,Construction Network is the catalyst for modernshown to lead construction spending for non- commercial construction.residential buildings by a full year.To learn more, visit construction.comMedia Contact :Cailey Henderson | 104 West Partners | cailey.henderson@104west.com 9'