Data center hubs and healthcare campuses pushed more projects into the pipeline recently, a sign that construction activity could hit a high point in early 2027, according to Dodge Construction Network.
The Dodge Momentum Index, which tracks nonresidential projects entering the planning stages and leads actual construction spending by a full year, increased 3.4% in September. Commercial and institutional planning climbed 4.7% and 0.9%, respectively, according to Dodge Construction Network.