b'Dodge Momentum Index Recedes 4% in September Slower data center momentum moderates planning activity over the monthBEDFORD, M.A.October 7, 2024The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 4.2% in September to 208.6 (2000=100) from the revised August reading of 217.7. Over the month, commercial planning contracted 7.8% and institutional planning improved 5.2%. Despite this months decline, the Dodge Momentum Index remains at very robust levels, stated Sarah Martin, associate director of forecasting at Dodge Construction Network. A surge in data center activity drove much of the recent rapid growth in the DMIso as planning for that sector moderated over the month, overall commercial planning fell back. By mid-2025, the Feds rate cuts should spur planning projects to reach groundbreaking more quicklyleading to stronger nonresidential activity as 2025 progresses. About Dodge Construction Network Dodge Construction Network leverages an unmatched Commercial planning generally receded over the month.offering of data, analytics, and industry-spanning After gaining some steam in recent months, warehouse, office and stores planning activity all slowed down.relationships to generate the most powerful source of Hotels, on the other hand, have been gaining speed overinformation, knowledge, insights, and connections in the past five months, expanding steadily in September.the commercial construction industry. Data centers continued to dominate large project activity, but the rate at which planning projects entered the queueThe company powers four longstanding and trusted continued to moderate from the above-average levels ofindustry solutionsDodge Data & Analytics, The growth in recent months. On the institutional side, education, healthcare and recreational projects were theBlue Book Network, Sweets, and IMSto connect the primary drivers of this past months expansion, with onlydots across the entire commercial construction religious planning posting a decline. This month, theecosystem. DMI was 21% higher than in September of 2023. The commercial segment was up 31% from year-ago levels,Together, these solutions provide clear and actionable while the institutional segment was up 4% over the sameopportunities for both small teams and enterprise period. firms. Purpose-built to streamline the complicated,A total of 28 projects valued at $100 million or moreDodge Construction Network ensures that construction entered planning throughout September. The largestprofessionals have the information they need to build commercial projects included the $390 million Project Nova Data Center in Eagan, Minnesota and Phase 1 andsuccessful businesses and thriving communities. With 2 of the SNA Data Center in Cedar Rapids, Iowa over a century of industry experience, Dodge valued at $375 million per phase. The largest institutional projects to enter planning were the $300 million KairosConstruction Network is the catalyst for modern Power R&D lab facility and the $215 million phase 2 ofcommercial construction. the Kentucky Exposition Center redevelopment inTo learn more, visit construction.com Louisville, KentuckyThe DMI is a monthly measure of the value ofMedia Contact: nonresidential building projects going into planning,| pr@construction.com shown to lead construction spending for nonresidential buildings by a full year. 17'