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.
Millennials and the American Dream
Robert Dietz / Eye on Housing / September 22, 2014
A recent survey of younger Americans illustrates that the goal of homeownership remains an important part of the American Dream. The economic future of Millennials is key to the future of housing demand. A record number of individuals aged 18 to 34 years are delaying household formation as a consequence of the Great Recession. In a recent post, we referred to this situation as the Great Delay, as slow wage growth and rising student loan burdens have reduced attainment of traditional goals associated with the American Dream, including marriage and homeownership. An important researchRead More
Not So August: Builders, Economists Still See Mediocre New-Home Sales in 2014
New-home sales in August reached the highest annualized pace since 2008. But many builders and economists still expect sales for this year to underwhelm, ultimately either matching or only slightly exceeding last year’s level. The reason lies in the difference between the volatility of monthly home-sales figures from the Commerce Department and the underlying trajectory of the market established over the past year. The latter shows a pace, on average, of sluggish but steady growth. Meanwhile, the frothy gain in August new-home sales reported Wednesday by the Commerce Department canRead More
WASHINGTON, D.C. (September 4, 2014) —The Hanley Foundation and Hanley Wood announced today that Bob Berkebile, Principal of BNIM, has been selected as the fifth recipient of The Hanley Award for Vision and Leadership in Sustainability, the largest annual award for sustainability in the built environment.
Now celebrating its fifth year, The Hanley Award is sponsored by The Hanley Foundation, EcoBuilding Review, BUILDER and Architect magazines and is dedicated to identifying and honoring individuals who have demonstrated extraordinary, lasting, and far-reaching contributionsRead More
John Crosby / HW.com / November 6, 2013
Remodeling and replacement projects continue to come in stronger than originally expected based on the latest release of the Residential Remodeling Index (RRI) by Metrostudy, a Hanley Wood company. The seasonally adjusted third quarter national composite of the RRI registered a score of 93.3, which was a 2 percent improvement over the upwardly revised second quarter result of 91.3.
The increase quarter-to-quarter was the seventh consecutive improvement after the industry experienced declines in 2011 and bottomed out after peaking in 2007. As housing fundamentals began turning theRead More
Blaine Brownell / ARCHITECT / October 2013
Overcome by Jørn Utzon’s design for the Sydney Opera House, Louis Kahn once remarked, “The sun did not know how beautiful its light was until it was reflected off this building.” Forty years after its opening, one of the world’s most recognizable works of architecture is undergoing a gentle transformation—an incremental remodeling—that is bringing the public icon closer in alignment to its creator’s original vision.
Day or night, the atmosphere in the Opera House is animated by the energy exuded by the throngs of visitors. The nonstop activity, combined with the ongoingRead More
John Crosby / HW.com / October 22, 2013
The U.S. Department of Commerce reported today that construction spending hit a near 4-1/2 year high in August, boosted by increases in both private and public outlays, a hopeful sign for third-quarter economic growth.
Construction spending increased 0.6 percent to an annual rate of $915.1 billion, the highest level since April 2009.
Private residential construction spending jumped 1.2 percent to a five-year high, showing little sign that high interest rates were slowing activity. Part of the increase in residential construction spending reflected home improvement projects. PrivateRead More
Hallie Busta / ARCHITECT / October 11, 2013
The Hurricane Sandy recovery is inciting information sharing among the New York architecture community and design teams worldwide, says one of the architects leading the effort.
Illya Azaroff, AIA, is among a growing group of architects actively looking aboard for resilient design strategies to employ at home. The Nebraska native and founder of New York architectural studio +LAB was tapped earlier this year by the AIA’s New York chapter to head the region’s recovery efforts following Hurricane Sandy. Before that, he’d helped found and chair the association’sRead More