In August, commercial building projects that are in planning rose by 3.3% while institutional building projects in planning moved 1.2% lower, according to The Momentum Index, issued by Dodge Data & Analytics, a provider of commercial construction project data, market forecasting & analytics services.

The Momentum index is a monthly measure for nonresidential building projects in planning, which has been shown to lead to construction spending. And according to the report, the index increased to 126.5 in August from the revised July reading of 124.2—a modest 1.8% increase of commercial building projects keeping the sector alive while institutional building projects continue to decline.

Eleven commercial building projects valued at $100 million or more entered planning in August. Leading the way is a UPS distribution facility in Mebane NC valued at $262 million and an Amazon distribution center (Project Star) in San Antonio TX. The leading institutional projects mentioned in the report were the $150 million BayCare South Florida Baptist Hospital in Plant City FL and the $125 million second phase of the Veterans Memorial Arena in Binghamton NY.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.