Welcome to Hanley Wood’s Press Room. For media inquiries please contact John Crosby at firstname.lastname@example.org, 202-736-3424.
ABC, Inc. / August 1, 2014
Nonresidential construction spending fell in June after posting significant growth during the prior two months, according to the Aug. 1 release from the U.S. Census Bureau. Nonresidential construction spending fell 2.8 percent on a monthly basis in June, but has risen 4.6 percent on a year-over-year basis. Spending for the month totaled $588.8 billion on a seasonally adjusted, annualized basis, while the government revised the estimate for nonresidential construction spending in May from $596.2 billion to $605.6 billion.
“The monthly decline in spending should not be cause for significantRead More
AGC of America / July 18, 2014
Florida Has Largest 12-Month Percent and Total Gains, New Jersey Has Biggest Annual Declines; South Dakota and Florida Top Monthly Rankings, Alaska and California Shed Most Jobs in June
Construction firms added jobs in 38 states and the District of Columbia over the past 12 months, but they reduced headcount in 27 states between May and June, according to an analysis today of Labor Department data by the Associated General Contractors of America. Association officials said the employment gains help, but that construction employment remains below peak levels in every location except NorthRead 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