{"id":1004169146,"date":"2017-03-08T08:09:39","date_gmt":"2017-03-08T16:09:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169146"},"modified":"2022-12-08T20:51:46","modified_gmt":"2022-12-09T04:51:46","slug":"economy-watch-nonresidential-project-planning-sees-uptick-in-february","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\/","title":{"rendered":"Economy Watch: Nonresidential Project Planning Sees Uptick in February"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004169148\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169148\" data-attachment-id=\"1004169148\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\/dmi-feb-2017\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg\" data-orig-size=\"460,302\" data-comments-opened=\"0\" 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-feb-2017\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Dodge Data &#038; Analytics&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg?w=460\" class=\"size-medium wp-image-1004169148\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg\" alt=\"Source: Dodge Data &amp; Analytics\" width=\"300\" height=\"197\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg 460w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg?resize=300,197 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004169148\" class=\"wp-caption-text\">Source: Dodge Data &amp; Analytics<\/p><\/div>\n<p>The Dodge Momentum Index rose 1.6 percent in February to 144.0 (2000 = 100) from its revised January reading of 141.7, according to a recent release from Dodge Data &amp; Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which leads construction spending for nonresidential buildings by a full year.<\/p>\n<p>February\u2019s increase was due to a 4.4 percent jump in planning for institutional projects, while commercial planning slipped slightly, falling 0.3 percent for the month. The Momentum Index has now increased for five consecutive months. Even so, the underlying components continue to be volatile on a month-to-month basis as large projects continue to affect the data. The overall trend, however, is rising.<\/p>\n<p>On a year-over-year basis, the Momentum Index is 22 percent higher than in February 2016, with commercial planning up 28 percent and institutional planning 15 percent ahead of last year. That&#8217;s a good sign, suggesting\u00a0that construction activity will continue to see further growth as this year progresses.<\/p>\n<p>Also on Wednesday, Automated Data Processing reported that, by its calculations, the U.S. private sector added 298,000 jobs in February. The report, which is derived from ADP\u2019s payroll data, often doesn&#8217;t agree with the official employment numbers\u2014which will be out Friday\u2014but they sometimes point to which direction the official numbers are going. If that&#8217;s the case this time, February will be a strong month for job creation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dodge Data &amp; Analytics Momentum Index rose for the fifth consecutive month, suggesting construction activity will continue to grow in 2017.<\/p>\n","protected":false},"author":1023,"featured_media":1004169148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[34403,34401,34402],"class_list":["post-1004169146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-automated-data-processing","tag-dodge-data-analytics","tag-dodge-momentum-index"],"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: Nonresidential Project Planning Sees Uptick in February - 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-nonresidential-project-planning-sees-uptick-in-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Nonresidential Project Planning Sees Uptick in February\" \/>\n<meta property=\"og:description\" content=\"Dodge Data &amp; Analytics Momentum Index rose for the fifth consecutive month, suggesting construction activity will continue to grow in 2017.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\/\" \/>\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=\"2017-03-08T16:09:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:51:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/DMI-feb-2017.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"460\" \/>\n\t<meta property=\"og:image:height\" content=\"302\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\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-nonresidential-project-planning-sees-uptick-in-february\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Nonresidential Project Planning Sees Uptick in February\",\"datePublished\":\"2017-03-08T16:09:39+00:00\",\"dateModified\":\"2022-12-09T04:51:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\\\/\"},\"wordCount\":259,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/DMI-feb-2017.jpg\",\"keywords\":[\"Automated Data Processing\",\"Dodge Data &amp; Analytics\",\"Dodge Momentum Index\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-nonresidential-project-planning-sees-uptick-in-february\\\/\",\"name\":\"Economy Watch: Nonresidential Project Planning Sees Uptick in February - 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