![Dmi Dec 20b](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2021/01/dmi_dec_20b.5ff8d31aa8026.5ff8d33bb0036.png?auto=format%2Ccompress&fit=crop&h=288&q=70&rect=18%2C33%2C572%2C321&w=512)
The Dodge Momentum Index jumped 9.2% in December to 134.6 (2000=100) from the revised November reading of 123.3. 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 14.0%, while the institutional component rose by 0.3%.
In December, 11 projects each with a value of $100 million or more entered planning. The leading commercial projects were the $450 million 50 Allen Plaza office tower in Atlanta GA and the $426 million Orion Center office project in Albuquerque NM. The leading institutional projects were two lab projects associated with the Gateway Innovation Center in Somerville MA valued at $385 million and $300 million.