{"id":1004217870,"date":"2018-04-09T06:25:20","date_gmt":"2018-04-09T14:25:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004217870"},"modified":"2022-12-08T09:44:38","modified_gmt":"2022-12-08T17:44:38","slug":"economy-watch-more-nonresidential-developments-in-planning-in-march","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-more-nonresidential-developments-in-planning-in-march\/","title":{"rendered":"Economy Watch: More Nonresidential Developments in Planning in March"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004217879\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.construction.com\/news\/dodge-momentum-index-climbs-in-march\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004217879\" data-attachment-id=\"1004217879\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-more-nonresidential-developments-in-planning-in-march\/dmi-march-2018\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMI-March-2018.jpg\" data-orig-size=\"667,402\" 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;1523269378&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 March 2018\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Dodge Data &#038; Analytics, Dodge Momentum Index, March 2018&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMI-March-2018.jpg?w=667\" class=\"wp-image-1004217879\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMI-March-2018.jpg\" alt=\"\" width=\"400\" height=\"241\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMI-March-2018.jpg 667w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMI-March-2018.jpg?resize=300,181 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004217879\" class=\"wp-caption-text\">Source: Dodge Data &amp; Analytics, Dodge Momentum Index, March 2018<\/p><\/div>\n<p>The Dodge Momentum Index moved 6.1 percent higher in March, rising to 155.0 (2000 = 100) from the February reading of 146.0, Dodge Data &amp; Analytics reported on Friday. The index is a monthly measure of the first report for nonresidential building projects in planning, a metric that leads construction spending for nonresidential buildings by a full year.<\/p>\n<p>March\u2019s gain was the result of a 9.6 percent increase in the commercial component of the index, more than erasing the 5.1 percent decline the component saw the previous month. The gain in the institutional sector was considerably less, moving 1.6 percent higher, following an 8.1 percent gain in February.<\/p>\n<p>During the first nine months of 2017, the overall index made little progress. Then planning activity shot up in the fourth quarter, with that momentum continuing into the first three months of 2018. In the latest quarter, the Momentum Index gained 5.1 percent. That&#8217;s possibly a sign that planners are reacting positively to the Tax Cuts and Jobs Act passed at the end of December, according to Dodge.<\/p>\n<p>In March, six projects each with a value of $100 million or more entered the planning phase. In the commercial sector, a $179 million government office in Ashburn, Va., and a $155 million warehouse in Riverside, Calif., led the pack. The leading institutional projects were a $210 million outpatient medical center in Torrance, Calif., and a $105 million new federal courthouse in Columbia, SC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March, six projects each with a value of $100 million or more entered planning, according to Dodge Data &amp; Analytics latest report. <\/p>\n","protected":false},"author":1023,"featured_media":1004217879,"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-1004217870","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: More Nonresidential Developments in Planning in March - 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-more-nonresidential-developments-in-planning-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: More Nonresidential Developments in Planning in March\" \/>\n<meta property=\"og:description\" content=\"In March, six projects each with a value of $100 million or more entered planning, according to Dodge Data &amp; Analytics latest report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-more-nonresidential-developments-in-planning-in-march\/\" \/>\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=\"2018-04-09T14:25:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:44:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMI-March-2018.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"667\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\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-more-nonresidential-developments-in-planning-in-march\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-more-nonresidential-developments-in-planning-in-march\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: More Nonresidential Developments in Planning in March\",\"datePublished\":\"2018-04-09T14:25:20+00:00\",\"dateModified\":\"2022-12-08T17:44:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-more-nonresidential-developments-in-planning-in-march\\\/\"},\"wordCount\":255,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-more-nonresidential-developments-in-planning-in-march\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/DMI-March-2018.jpg\",\"keywords\":[\"Dodge Data &amp; Analytics\",\"Dodge Momentum Index\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-more-nonresidential-developments-in-planning-in-march\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-more-nonresidential-developments-in-planning-in-march\\\/\",\"name\":\"Economy Watch: More Nonresidential Developments in Planning in March - 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