b'Dodge Momentum Index Gets a Boost in FebruaryCommercial and institutional planning show improvements over the monthHAMILTON, N.J.March 7, 2023The Dodge Momentum Index (DMI), issued by Dodge Construc-tion Network, advanced 1.9% in February to 203.0 (2000=100) from the revised January reading of 199.3. In February, the commercial component of the DMI rose 1.4%, and the institutional componentincreased 2.9%.The Dodge Momentum Index returned to growth in February after falling 9% last month, stated Sarah Martin, associate director of forecasting for Dodge Construction Network. The continued elevation in the DMI should provide hope that constructionactivity will grow in 2024. Owners and developers tend to put projects into planning until well after About Dodge Construction Network economic conditions weaken. During the GreatRecession, for example, the DMI did not substantial- Dodge Construction Network leverages anly decline until 2009. Therefore, the anticipated mildunmatched offering of data, analytics, and industry-economic growth in 2023 could cause the DMI tospanning relationships to generate the most powerful moderate over the year, but it is unlikely to fall source of information, knowledge, insights, andbelow historical norms.connections in the commercial construction industry. Commercial planning in February was bolstered byalmost 20% growth in office planning activity, asThe company powers four longstanding and trusted data centers continued to steadily enter the planningindustry solutionsDodge Data & Analytics, The queue. Institutional planning was driven higher byBlue Book Network, Sweets, and IMSto connect growth in education and healthcare projects, notablythe dots across the entire commercial construction the continued investment in research laboratories. Onecosystem. a year-over-year basis, the DMI remains 43% higherthan in February 2022. The commercial componentTogether, these solutions provide clear and actiona-was up 55%, and the institutional component wasble opportunities for both small teams and enterprise 22% higher.firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construc-A total of 22 projects with a value of $100 million ortion professionals have the information they need to more entered planning in February. The leadingbuild successful businesses and thriving communi-commercial projects included the $500 millionties. With over a century of industry experience, Northwestern Mutual Headquarters in Milwaukee,Dodge Construction Network is the catalyst forWI, and the $375 million Legacy Highlands ware- modern commercial construction. To learn more, house and retail project in Beaumont, CA. The lead- visit construction.com ing institutional projects comprised of the $500million University of Michigan Residence and Media Contact: Dining Hall in Ann Arbor, MI, and the $213 millionCailey Henderson | 104 West Partners | Center of Innovation laboratory building in cailey.henderson@104west.com Emeryville, CA. The DMI is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for non-residential buildings by a full year.9'