![Dmi May 2020 2](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2020/06/dmi_may_2020_2.5edaac66b898e.png?auto=format%2Ccompress&fit=crop&h=288&q=70&w=512)
The Dodge Momentum Index moved a scant 0.1% lower in May to 129.2 (2000=100) from the revised April reading of 129.4. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial component of the Momentum Index rose 1.0% during the month, while the institutional component dropped 1.9%.
In May, 11 projects each with a value of $100 million or more entered planning. The leading commercial projects were a $213 million warehouse in Riverside, CA, and a $195 million warehouse in Perris, CA. The leading institutional projects were the $213 million Kaiser Permanente hospital in San Marcos, CA, and the $100 million Indiana University Health Methodist Hospital in Indianapolis, IN.