News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Construction Firms Expect Hiring Growth for 2015
AGC of America / January 21. 2015
Eighty percent of construction firms plan to expand their payrolls in 2015 while only 7 percent expect to reduce headcounts according to survey results released today by the Associated General Contractors of America. The survey, conducted as part of Ready to Hire Again: The 2015 Construction Industry Hiring and Business Outlook, indicates that most contractors are optimistic about the year ahead and ready to expand, but will have to cope with challenges including worker shortages and regulatory burdens. “Contractors are extremely optimistic about the outlook for 2015,”Read More
Economists Predict Robust Housing Starts in 2015
Tim Regan / ProSales / January 20, 2015
Editor’s Note: Last week, during the International Builders’ Show, Metrostudy’s analyst David Cobb presented on the 2015 Housing Marketing. You can view the details of his full presentation here. Key factors Cobb pointed out include: – Baby Boomers are not getting younger yet feel more confident to invest in new homes and/or discretionary home improvements. – Consumer confidence and sense of financial stability are more important now than jobs, unemployment, or GDP to remodeling and replacement markets. – Postponed remodeling and replacementRead More
Jennifer Goodman / BUILDER / January 13, 2015
Before breaking ground, the team of pros working to design and construct this year’s New American Home gave themselves a challenge: Instead of creating a one-off custom showpiece, they wanted to explore how much of the technology, sustainability, and design trends that the show home is known for they could pack into a production-style dwelling.
Although it exudes the luxuriousness of a custom dwelling, the desert contemporary—which will be open for tours during the 2015 International Builders’ Show in Las Vegas—was designed for buyers across a range of price points. In fact, onceRead More
Paul Emrath / Eye on Housing / January 15, 2015
NAHB’s Remodeling Market Index (RMI) was 60 in the final quarter of 2014, indicating widespread confidence among remodelers that the market was improving compared to the previous quarter. The RMI and each of its components lies on a scale of 0 to 100, where a number above 50 indicates that more remodelers report market activity has improved (compared to the prior quarter) than report it has deteriorated.
The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity. The current market conditions component of the RMI increased to 60 from 57Read More
Associated Builders and Contractors / January 9, 2015
The U.S. construction industry added 48,000 jobs in December, including 22,800 jobs in nonresidential construction, according to the Bureau of Labor Statistics (BLS) preliminary estimate released Jan. 9. November’s estimate was unchanged in this release, remaining at 20,000 net new construction jobs, but nonresidential construction’s November jobs figure was upwardly revised to 7,100 jobs.
“The U.S. economy added an average of 289,000 jobs per month during the final three months of 2014, indicating that momentum is surging as we transition into 2015,” said Associated BuildersRead More
Neil Brown / Construction Marketing Association / January 7, 2015
Here we are again. With 2014 in the rearview mirror, and 2015 upon us, it’s time to plan out our resolutions once again. Just as losing weight and saving money could top your list of personal goals, becoming a more lean marketer and improving the value of marketing efforts could top your professional goals as a construction marketer.
Today, we would like to share some goals that will help you to hit the ground running in 2015, and better reach target customers through your marketing efforts.
1. We will Generate More Quality Leads through Effective Content
Lead Generation. A term vital to constructionRead More
Brad Hunter / BUILDER / December 16, 2014
There was no evidence of a strong pickup in home construction in the final months of 2014. According to the Census Bureau data released this morning, housing starts in November were at a seasonally adjusted annual rate of 1,028,000. According to the Bureau, this is 1.6 percent (±8.1%) below the revised October estimate of 1,045,000 and is 7.0 percent (±10.2%) below the November 2013 rate of 1,105,000.
Single-family housing starts in November were at a rate of 677,000; this is 5.4 percent (±8.1%) below the revised October figure of 716,000. Lot shortages are holding back productionRead More