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.
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
Adam Bluestein / Inc. / October 1, 2013
The ACA’s health-insurance exchanges open today. What does it mean for small-business owners?
It’s finally here. Come hell or government shutdown, Tuesday, October 1 is opening day for Obamacare’s central feature: the health-insurance exchanges.
These online marketplaces will allow individuals and small businesses to comparison-shop for health plans from a variety of carriers. Business owners in many states finally will get a chance to see their coverage options and premiums under the new health-care law.
The nationwide rollout of these state- and federally-runRead More
Charlotte O'Malley / BUILDER / September 30, 2013
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According to Metrostudy’s active new home survey data, the five fastest-growing metros have experienced over 10,000 new home starts. As Metrostudy points out in their blogpost “A Housing Dimension to Forbes’ Recent Projection,” it’s noteworthy that the top three markets experiencing new home growth are included in a recent Forbes article listing top markets for expected job growth annually. Here are the markets that overlap:Read More
Rocio Sanchez-Moyano / Harvard Joint Center for Housing Studies / September 26, 2013
With the continued growth of house prices across the country, talk of a housing bubble is beginning to reappear in the headlines. House price-to-income ratios are often used to indicate a bubble, as prices have historically had a relatively stable relationship with incomes (both mean and median). In the US, nationally, the price-to-income ratio remained relatively stable throughout the 1990s. It began to increase around 2000 and surpassed its long-run average of 3.65 by 2002 (Figure 1). The national price-to-income ratio continued to increase in the mid-2000s, reaching a high ofRead More