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NEW YORK CITY-The construction of movie theatres and convention centers declined 23% in August, hotels slipped by 24% and public building fell by 32% that month. The overall decline in nonresidential building amounted to 3%, falling from $440.4 billion in July to $436.9 billion, according to F.W. Dodge, the business research arm of McGraw-Hill.

The reduction in hotel construction has been ongoing since it reached a high two years ago. It fell 7% last year and is expected to decline this year as well.

But there was some good news, too. Office building construction rose 15% and work on transportation-related buildings increased by 28%. Multifamily housing went up by 14%, a rise attributed to a drop in the 30-year fixed mortgage rate.

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