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 Materials Prices Plummet in First Month of 2015
Associated Builders and Contractors, Inc / February 18, 2015
Construction input prices dipped 2 percent in January 2015 and have now failed to rise for six consecutive months, according to the Feb. 18 producer price index (PPI) release from the U.S. Department of Labor. On a year-over-year basis, construction input prices are down 3.6 percent. In addition, nonresidential construction input prices fell 2.1 percent on a monthly basis and 4.6 percent on a yearly basis. “The decline in oil and petroleum prices finally showed up in the PPI data,” said Associated Builders and Contractors Chief Economist Anirban Basu. “According to the Bureau of LaborRead More
GDP Growth in the Fourth Quarter – Second Estimate
Robert Denk / Eye on Housing / February 27, 2015
The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the fourth quarter of 2014. Growth in economic output was revised downward to a seasonally adjusted annual rate of 2.2% from an “advance” estimate of 2.6%. The second estimate is based on more complete information than was available for the initial estimate. The slower pace of growth reflects less inventory investment but more fixed nonresidential investment. Imports (which subtract from GDP growth) and spending by state and local governments were also revised upward. GDP grew at an annual rateRead 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