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.
Jennifer Goodman / BUILDER / October 1, 2013
The 2014 New American Home, now under construction near Las Vegas, is destined to be a one-of-a-kind crowd pleaser for the International Builders’ Show attendees who tour it in February.
It is also designed to please its occupants—envisioned as a busy, extended family made up of children, parents, and grandparents. Architect Jeffrey Berkus’ design provides grand spaces for entertaining, areas for homework and schooling, quiet spots for meditation, and multiple outdoor living opportunities. (Click on the slide show at left to see time-lapse images of its construction.)Read More
Robert Dietz / NAHB / October 3, 2013
Housing is an important source of economic growth. As of the second quarter of 2013, housing’s share of gross domestic product (GDP) was 15.6%, with home building yielding 3.1 percentage points of that total.
Housing-related activities contribute to GDP in two basic ways.
The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building and remodeling contribution to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees. For the secondRead More
Greig O'Brien / ARCHITECT / October 2, 2013
Job growth plods along in September, with construction, manufacturing, and professional services all making gains.
In what could very well be the only jobs you’ll see this week, due to the shutdown of the federal government over the fight over passage of a continuing resolution bill, payroll firm ADP and its partner Moody’s Analytics have released their monthly employment report. According to this duo, the economy added 166,000 jobs in September, under the mark of 180,000 that was expected.
August’s initial reporting of 176,000 jobs added was revised down to 159,000 jobs added.Read More
Katie Weeks / ECOBUILDING pulse / September 27, 2013
While New York City buildings are responsible for 74 percent of citywide greenhouse gas emissions, 94 percent of total electricity use, and 85 percent of potable water consumption in the city, these buildings are making progress on reducing their energy use, according to new data released by the office of Mayor Michael Bloomberg this week in the New York City Local Law 84 Benchmarking Report. Local Law 84 (LL84) requires all privately owned properties over 50,000 square feet and multiple buildings with a combined gross floor areas of more than 100,000 square feet to annual measure and reportRead More
Diana Olick / CNBC / October 1, 2013
The fight may be in Washington, but the effects of the government shutdown will ripple through every neighborhood in America—without a fully functioning government, an already tight mortgage market may become even more prohibitive. It is exactly what the housing recovery does not need.
“This is going to be very disruptive to the mortgage industry and pretty much result in a freeze of the pipeline,” said Craig Strent, CEO of Bethesda, Md.-based Apex Home Loans. “New loans can be taken, but without IRS and Social Security number verifications, [they] will not be able toRead More