Dodge Reports Indicate Lower Rates Could Bring Flood of Construction Projects
August 19, 2024
A leading indicator of future nonresidential construction spending shows potential good news for contractors. The Dodge Momentum Index posted a 7.9% increase in July over June, rising to 216.3. The index also indicates that the planning is spreading out to other nonresidential sectors beyond data centers.“While data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building across many other major sectors and diversifying the story behind July’s growth,” said Sarah Martin, associate director of forecasting at Dodge Construction Network.
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