Tag: recession

  • Momentum Index Improves in July Thanks to Increase in Nonresidential Projects

    The Dodge Momentum Index (DMI) increased 2.9% to 178.7 in July thanks to an increase in data center, office and warehouse projects, says the Dodge Construction Network. The DMI is a monthly measure for nonresidential building projects in planning. According to the Dodge Construction Network, the DMI is shown to lead construction spending for nonresidential…

  • Growth Forecast for Nonresidential Building Starts in 2022

    The Southern region has seen an influx of residents in the past two years and many states are on the road to recovering from the impacts of the COVID-19 pandemic. However, labor shortages continue to plague much of the region and could continue to affect recovery in the months to come. Still, experts say the…

  • Non-Residential Construction Starts Increase as Projects Enter Backlog

    Construction starts are forecast to rise 9% in 2022, prompting Richard Branch, chief economist with Dodge Construction Network, to say he feels “reasonably positive” about the industry’s trajectory. But with many projects just now entering backlogs, some sectors may have to wait years to see solid recovery. According to the Dodge Construction Network 2022 Mid-Year…