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.
Builders’ Sentiment Bounces Back in April
David Crowe / NAHB / April 15, 2015
Home builders reversed their one month decline in sentiment as the April NAHB/Wells Fargo Housing Market Index increased 4 points to 56 from a one-point downwardly revised 52 in March. The bounce back up to the January-February average suggests the March observation was an outlier. All three components revived to or above the early part of 2015. Current sales index rose 3 points to 61 matching the February level and 1 point below the January report. The expected sales component rose 5 points to 64, the highest in 2015, and the traffic component rose 4 points to 41. The solid and significant increaseRead More
Construction Materials Prices Expand in March
Associated Builders and Contractors / April 13, 2015
Prices for inputs to construction industries expanded 0.8 percent in March, the largest monthly increase in more than two years, according to the April 14 producer price index release by the Bureau of Labor Statistics. Prices have now expanded for two consecutive months after declining during the prior six; however input prices are down 3.6 percent on a year-over-year basis. March marks the fourth consecutive month year-over-year input prices have declined, the longest such streak since 2009. Crude petroleum prices fell 4 percent in March and have fallen in eight of the previous nine months.Read 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