Data CentersÌýDrive Growth, Institutional Planning Broadens ItÌý
BOSTON, MA –ÌýAugustÌý6, 2026Ìý—ÌýThe ¶¶ÒõÏÂÔØÍøÕ¾ Momentum Index (DMI), issued byÌýÌýConstruction Network,ÌýgrewÌý6.9% inÌýJulyÌýto 291.7Ìý(2000=100) from the upwardly revisedÌýJuneÌýreading of 273.0. Over the month, commercial planningÌýexpandedÌý4.1%ÌýandÌýinstitutional planning grew 13.1%.ÌýÌý
“Data centers and broad-based growth across key institutional sectors supported stronger planning activity in July,â€� said Sarah Martin, Director of Economic Research at ¶¶ÒõÏÂÔØÍøÕ¾. “Sustained planning activity should bolster construction inÌýlateÌý2027, though real growth will prove more constrained as inflationary expectations are priced into project costs.â€�Ìý
After a brief pause in June, data center planning momentum steadily picked up in July. Meanwhile, office, warehouse,ÌýretailÌýand hotel planningÌýslowedÌýpace. Within the institutionalÌýportionÌýof the index, planning momentum was more broad-based. Education, healthcare, recreational,ÌýreligiousÌýand public building planningÌýallÌýaccelerated in July. Most of the strong month-over-monthÌýgainÌýcan be attributed to education and public building starts, with the latter expanding over 100% in the last two months.ÌýYear-over-year, the DMI was upÌý11.7% when compared toÌýJulyÌý2025.ÌýThe commercialÌýportionÌýof the index was upÌý13.8%ÌýandÌýthe institutionalÌýportionÌýwas upÌý7.6% over the same period.ÌýWhen removing data centers, the commercial segment would beÌýdownÌý16.2% from year-ago levels, given the surge in activity seen last July.ÌýÌý
A total of 59 projects valued at $100 million or moreÌýenteredÌýplanning throughout June. The largest commercial projects included the $500 million Data Center Campus in Petersburg, Virginia, the $500 million DFW20C Data Center in Fairfield, Texas, and the $500 million Google Data Center (Project Avalon, Building 2) in Buffalo, West Virginia. The largest institutional projects to enter planning included the $351 million Northwestern Memorial Hospital Cancer Center in Chicago, Illinois, the $300 millionÌýBeOneÌýMedicines Research and Development Facility (Expansion) in Pennington, New Jersey, and the $300 million Houston Livestock Show and Rodeo Agricultural Complex in Houston, Texas.ÌýÌý
The DMI is a monthly measure based on the three-month moving value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year toÌý18 months.ÌýÌý


