The Dodge Momentum Index (DMI) increased by 10.4% in June to a new score of 198.6, according to new data from Dodge Construction Network. The latest numbers are up considerably from the revised May reading of 179.9. Over the month, commercial planning increased 14.5%, and institutional planning ticked up 0.2%.   

“Data centers continued to dominate planning projects in June — fueling another strong month for commercial planning,” stated Sarah Martin, Associate Director of Forecasting at Dodge Construction Network. “More momentum in planning, while not as strong as data centers, was seen across most segments and indicates confidence in 2025 market conditions. The DMI is up 43% from June 2019 levels, signaling strong construction spending in 2025.”

Data center planning continued to drive growth in the commercial sector. In the institutional sector, weaker healthcare planning was offset by an improvement in education planning. For the month, the DMI was 7% higher than the same month a year ago. The commercial segment was up 25% from year-ago levels, while the institutional segment was down 25% over the same period. 

A total of 38 projects valued at $100 million or more entered planning in June. The largest commercial projects were the $420 million Oaklawn Land Bay A Data Center in Virginia, followed by the $400 million PowerHouse Irving Data Center in Texas. The largest institutional projects to enter planning were the $305 million Horizon Juvenile Center Annex in Woodstock, New York, and a $285 million research and development project in San Diego, California.