{"id":1004203272,"date":"2018-01-10T10:17:17","date_gmt":"2018-01-10T18:17:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203272"},"modified":"2022-12-08T12:23:18","modified_gmt":"2022-12-08T20:23:18","slug":"economy-watch-positive-outlook-for-nonresidential-construction-in-2018","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-positive-outlook-for-nonresidential-construction-in-2018\/","title":{"rendered":"Economy Watch: Positive Outlook for Nonresidential Construction in 2018"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004203275\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004203275\" data-attachment-id=\"1004203275\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-positive-outlook-for-nonresidential-construction-in-2018\/dmi-dec-2017\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg\" data-orig-size=\"530,318\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1515590109&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-dEC-2017\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Dodge Data &#038; Analytics, Dodge Momentum Index, December 2017&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg?w=530\" class=\"size-medium wp-image-1004203275\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg\" alt=\"Source: Dodge Data &amp; Analytics, Dodge Momentum Index, December 2017\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg 530w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg?resize=300,180 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004203275\" class=\"wp-caption-text\">Source: Dodge Data &amp; Analytics, Dodge Momentum Index, December 2017<\/p><\/div>\n<p>Developers are still planning projects with considerable gusto, so it&#8217;s likely that 2018 will be a strong year for nonresidential development, reports Dodge Data &amp; Analytics.<\/p>\n<p>The company&#8217;s Dodge Momentum Index was up 3.6 percent in December to 153.9 (2000 = 100) from the November reading of 148.6. The index is a monthly measure of the first report for nonresidential building projects in planning, which lead construction spending for nonresidential buildings by about a year.<\/p>\n<p>December\u2019s increase was due to an 8.6 percent jump in the institutional component of the Momentum Index, while the commercial component eked out a 0.7 percent gain, Dodge noted. For the full-year 2017, the Momentum Index averaged 132.3, up 10.7 percent from the full-year average in 2016, with similar improvement for the commercial sector (up 11.4 percent) and the institutional sector (up 9.7 percent).<\/p>\n<p>After retreating during the <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-project-planning-slows-in-september\/\">third quarter of 2017<\/a>, the Momentum Index returned to its upward track during\u00a0fourth-quarter 2017, putting December\u2019s reading up 20.9 percent compared to the same month a year ago. The continued strengthening of the Momentum Index in 2017 suggests that nonresidential building construction activity will advance further during 2018, Dodge explained.<\/p>\n<p>In the institutional sector, the leading projects in December were a $200 million renovation of the Smithsonian Institute Visitor Center (The Castle) in Washington D.C. and a $175 million Veterans Affairs Living Center in Long Beach, Calif. The leading commercial projects were a $100 million hotel on Harvard University\u2019s campus in Allston, Mass., and a $100 million office building in Little Rock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dodge Momentum Index ended 2017 on a high note, which bodes well for construction activity this year. <\/p>\n","protected":false},"author":1023,"featured_media":1004203275,"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":[35831,34401,34402],"class_list":["post-1004203272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-construction-spending","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: Positive Outlook for Nonresidential Construction in 2018 - 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-positive-outlook-for-nonresidential-construction-in-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Positive Outlook for Nonresidential Construction in 2018\" \/>\n<meta property=\"og:description\" content=\"The Dodge Momentum Index ended 2017 on a high note, which bodes well for construction activity this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-positive-outlook-for-nonresidential-construction-in-2018\/\" \/>\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=\"2018-01-10T18:17:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:23:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/DMI-dEC-2017.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"530\" \/>\n\t<meta property=\"og:image:height\" content=\"318\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-positive-outlook-for-nonresidential-construction-in-2018\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-positive-outlook-for-nonresidential-construction-in-2018\/\",\"name\":\"Economy Watch: Positive Outlook for Nonresidential Construction in 2018 - 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