The Dodge Momentum Index (DMI) increased by 10.4% in June to 198.6 from May’s revised reading of 179.9. Dodge Construction Network (DCN) data shows that commercial planning increased by 14.5%, and institutional planning rose by 0.2% in June.

The DMI is a monthly measure of the value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year.

“Data centers continued to dominate planning projects in June–fueling another strong month for commercial planning,” says Sarah Martin, DCN’s associate director of forecasting. “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 drove commercial growth, along with moderate growth in hotels, retail buildings and warehouse projects. Education project planning helped offset weaker healthcare planning on the institutional side.

In June, the DMI was 7% higher than this time last year. The commercial segment was up 25% from year-ago levels, while the institutional segment was down 25% over the same period.

Throughout June, 38 projects valued at $100 million or more entered planning. The largest commercial projects included the $420 million Oaklawn Land Bay A Data Center in Leesburg, Virginia, and the $400 million PowerHouse Irving Data Center in Irving, Texas. The most significant institutional projects to enter planning were the $305 million Horizon Juvenile Center Annex in Woodstock, New York, and the $285 million research and development buildings in San Diego.