Looks like there are fewer cranes on the skyline these days. That’s because there are fewer construction projects rising as The Real Deal reports.

Dodge Data & Analytic’s also reported that construction on commercial and multifamily buildings fell 27% year-over-year to $7.2 billion in the first half of 2017. That’s a 63% drop from the $19.3 billion worth of starts in the first six months of 2015.

Pricing isn’t way down, but the number of units trading is down. Several developers are that it is important to make sure that any new projects that one might undertake are timed in a way that this market, which clearly has slowed dramatically, will be coming back.