Dive summary:

• The Dodge Momentum Index, compiled by McGraw Hill Construction as a measure of nonresidential construction projects in planning and which may become industry business in a year, rose 3.6% in May, which marked the first six-month string of increases since 2006.
• McGraw Hill said within the increase to 117.4 on the index's scale was a 1.6% pullback from April in office projects.
• Institutional building plans – including several medical projects and a casino that depends on voter approval – were up 10.2%, more than making up for the office slowdown.

From the article:

The uncertainty surrounding new development appears, for now, to have dissipated, and the climate for nonresidential building projects is gaining strength as the planning pipeline grows more active. ...