{"id":1004175921,"date":"2017-05-09T06:23:54","date_gmt":"2017-05-09T14:23:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175921"},"modified":"2022-12-07T09:13:15","modified_gmt":"2022-12-07T17:13:15","slug":"economy-watch-construction-industry-loses-momentum-in-april","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-industry-loses-momentum-in-april\/","title":{"rendered":"Economy Watch: Construction Industry Loses Momentum in April"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004175924\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/DMI-April-17.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004175924\" data-attachment-id=\"1004175924\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-industry-loses-momentum-in-april\/dmi-april-17\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/DMI-April-17.jpg\" data-orig-size=\"550,335\" 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;1&quot;}\" data-image-title=\"DMI-April-17\" 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\/05\/DMI-April-17.jpg?w=550\" class=\"size-medium wp-image-1004175924\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/DMI-April-17.jpg\" alt=\"Source: Dodge Data &amp; Analytics\" width=\"300\" height=\"183\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/DMI-April-17.jpg 550w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/DMI-April-17.jpg?resize=300,183 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004175924\" class=\"wp-caption-text\">Source: Dodge Data &amp; Analytics, April 2017<\/p><\/div>\n<p>The Dodge Momentum Index dropped in April to 133.8 (2000 = 100) from its March reading of 140.9, according to the latest report by Dodge, which specializes in construction industry data. April\u2019s decline was due to a 12 percent drop for the institutional component of the index, while the commercial component rose a meager 0.1 percent.<\/p>\n<p>The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which has been shown to lead construction spending on such buildings by a year. Since early 2016, the index has gained substantial ground, though in a sawtooth pattern, increasing by over 20 percent <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-building-still-in-growth-mode\/\">through March<\/a> this year, the company said.<\/p>\n<p>Despite April\u2019s decline, the Momentum Index remains broadly up, according to Dodge, suggesting that construction activity still has further room to grow in 2017. That&#8217;s in contrast to 2014 and &#8217;15, when the index enjoyed little improvement, gaining just 4 percent in that 24-month span.<\/p>\n<p>In April, six projects entered the planning stage with a value of more than $100 million each. In the commercial building sector, the leading projects were a $275 million commercial building project in Brooklyn and the $110 million Optimus Logistics Center in Perris, Calif. The leading institutional projects were the $200 million Kennedy Health Patient Tower in Turnersville, NJ, and the $110 million Highline High School replacement in Burien, Wash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite April&#8217;s decline, the Dodge Momentum Index remains largely up, according to Dodge Data &amp; Analytics. This suggests that construction activity still has room to grow in 2017. <\/p>\n","protected":false},"author":1023,"featured_media":1004175924,"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":[34401,34402],"class_list":["post-1004175921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-dodge-data-analytics","tag-dodge-momentum-index"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy Watch: Construction Industry Loses Momentum in April - 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-loses-momentum-in-april\/\" \/>\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 Loses Momentum in April\" \/>\n<meta property=\"og:description\" content=\"Despite April&#039;s decline, the Dodge Momentum Index remains largely up, according to Dodge Data &amp; Analytics. 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