The Dodge Momentum Index grew 6.2% in April, highlighted by three major institutional projects in California and Illinois totaling over $600 million in value.
The Dodge Momentum Index rose to 264.2 in April, a 6.2% increase driven by an 8.1% uptick in commercial planning and 1.5% growth in institutional planning. Year-over-year, the index is up 14.1%, with significant gains in commercial and institutional segments, even when adjusting for data center activity.
Activity was buoyed by 44 projects valued at $100 million or more entering the planning stage. Notable institutional developments include the $256 million Navy Seal Museum in San Diego, the $178 million Lurie Children’s Hospital in Downer’s Grove, and the $175 million Unaccompanied Housing improvement project at Naval Base Coronado.
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