Core Report | March 10, 2023

After a sharp drop in January, the Dodge Momentum Index rebounded slightly in February. The Dodge Momentum Index came in at 203.0 in February, up 1.9% from 199.3 in January and up over 26% from last February. Both the commercial and institutional components increased in February, climbing 1.4% and 2.9%, respectively. The continued growth in the index gives hope of continued construction activity growth moving into 2024.