{"id":1004155075,"date":"2016-10-11T04:47:52","date_gmt":"2016-10-11T12:47:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155075"},"modified":"2020-05-11T23:23:03","modified_gmt":"2020-05-12T07:23:03","slug":"economy-watch-construction-industry-sees-september-slowdown","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-industry-sees-september-slowdown\/","title":{"rendered":"Economy Watch: Construction Industry Sees September Slowdown"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004155076\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004155076\" data-attachment-id=\"1004155076\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-industry-sees-september-slowdown\/dmi-october-2016\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg\" data-orig-size=\"697,412\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"DMI-october-2016\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Dodge Data Analytics, &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg?w=697\" class=\"size-medium wp-image-1004155076\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg\" alt=\"Source: Dodge Data Analytics, \" width=\"300\" height=\"177\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg 697w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg?resize=300,177 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004155076\" class=\"wp-caption-text\">Source: Dodge Data &amp; Analytics<\/p><\/div>\n<p>The <a href=\"https:\/\/www.construction.com\/about-us\/press\/Dodge-Momentum-Index-Stumbles-in-September.asp\" rel=\"nofollow\" target=\"_blank\">Dodge Momentum Index dropped<\/a> 4.3 percent in September to 129.0 from a revised August reading of 134.8 (2000 = 100), according to the construction industry data specialist Dodge Data &amp; Analytics in a recent report. The Momentum Index 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 year.<\/p>\n<p>September\u2019s decline follows five consecutive months of gains for the Momentum Index, and resumes (for now) the up-and-down pattern that\u2019s often been the case since 2014. The decline in September was the result of a 5.3 percent drop in institutional planning and a 3.6 percent decrease in commercial planning, a contrast with the <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-construction-still-strong-2\/\" target=\"_blank\">strong performance in August<\/a> that benefited from an influx of large projects ($100 million or greater) into planning.<\/p>\n<p>Even with the recent volatility on a month-to-month basis, the Momentum Index continues to trend higher, meaning that developers have moved plans forward despite economic and political uncertainty. Year-over-year, the Momentum Index is 5.1 percent higher than one year ago. Its institutional component is 5.4 percent above its September 2015 reading, while the commercial component is up 4.9 percent.<\/p>\n<p>In September, five projects entered planning each with a value of more than $100 million. For the commercial building sector, the leading projects were a $200 million office tower in Chicago and a $150 million JW Marriott Hotel in Irvine, Calif. The leading institutional projects were a $150 million hospital in Evanston, Wyo., and a $105 million hospital in Salt Lake City.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>September&#8217;s decline in nonresidential building projects follows five consecutive months of gains, according to a Dodge Data  &#038; Analytics report.<\/p>\n","protected":false},"author":1269,"featured_media":1004155076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004155075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Construction Industry Sees September Slowdown - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-industry-sees-september-slowdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Construction Industry Sees September Slowdown\" \/>\n<meta property=\"og:description\" content=\"September&#039;s decline in nonresidential building projects follows five consecutive months of gains, according to a Dodge Data &amp; Analytics report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-industry-sees-september-slowdown\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-11T12:47:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:23:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/DMI-october-2016-e1476189789314.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"697\" \/>\n\t<meta property=\"og:image:height\" content=\"412\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Economy Watch: Construction Industry Sees September Slowdown\",\"datePublished\":\"2016-10-11T12:47:52+00:00\",\"dateModified\":\"2020-05-12T07:23:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/\"},\"wordCount\":268,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/DMI-october-2016-e1476189789314.jpg\",\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-industry-sees-september-slowdown\\\/\",\"name\":\"Economy Watch: Construction Industry Sees September Slowdown - 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