Though the slight increase wasn’t dramatic, Dodge chief economist Richard Branch said it’s another data point that shows a sign of strength in the construction industry.
A total of 27 projects with a value of $100 million or more entered planning in June, according to the release. Year-over-year, the DMI was 9% higher than in June 2021. The commercial component was 11% higher, while the institutional component was 5% higher than one year ago.
