An article from
Economic Reports
The strong momentum is expected to support spending this year, said Sarah Martin, associate director of forecasting at Dodge Construction Network.
Published Jan. 9, 2025
An aerial view of the IAD71 Amazon Web Services data center on July 17, 2024, in Ashburn, Va.
Nathan Howard/Getty Images via Getty Images
Nonresidential construction planning rebounded in December, driven by a sharp uptick in data center and warehouse projects, according to Dodge Construction Network.
The Dodge Momentum Index, a benchmark that measures nonresidential construction planning, climbed 10.2% to close 2024. Commercial planning led the charge with a 14.2% increase, while institutional planning posted a more modest 2.5% gain, according to the report.
“Commercial activity rebounded strongly in December, thanks to a reacceleration in data center and warehouse planning activity,” said Sarah Martin, associate director of forecasting at Dodge Construction Network. “Overall, the strong performance of the Momentum Index this past year is expected to support nonresidential construction spending throughout 2025.”
On a year over year basis, the DMI jumped 19% compared to December 2023. Commercial planning surged 30% during that period, while institutional planning remained largely flat.