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.
Associated Builders and Contractors, Inc / August 19, 2014
Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. CBI improved 5.4 percent following a 2.8 percent decline in the first quarter and currently stands at 8.5; up 3.6 percent on a year-over-year basis.
“The long-awaited brisk nonresidential construction recovery may be upon us,” said ABC Chief Economist Anirban Basu. “Industry momentum was snuffed out by a seemingly endless winter, but the pace of industry recovery has been accelerating ever since. Backlog gains were nearly ubiquitous during theRead More
Josh Miller / Eye on Housing / September 4, 2014
The latest Census estimate shows significant gains in single-family and multifamily private residential construction spending from one year ago. On a 3-month moving average basis from July 2013, single-family construction spending increased 9.9% and multifamily construction spending increased 38.4%. The current seasonally adjusted annual rate for total private residential construction spending (single-family, multifamily, and home improvements) is $358.1 billion.
Although the home improvement component of residential construction spending is down 2.2% from one yearRead More
AGC of America / September 5, 2014
Construction industry employment reached a five-year high in August as the sector added 20,000 jobs and its unemployment rate fell to 7.7 percent, the lowest rate for August in seven years, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that the latest figures reinforce survey results the association recently released showing many contractors are having a tough time finding enough qualified workers.
“Construction employment growth has been accelerating and is broad-based,” said Ken Simonson,Read 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
AGC of America / August 27, 2014
Construction employment expanded in 223 metro areas, declined in 72 and was stagnant in 44 between July 2013 and July 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America. As employment grows, 25 percent of firms report labor shortages are forcing them to turn down work according to a new survey conducted by SmartBrief, an industry leader in curated business news and custom content, in partnership with the association.
“Many construction firms looking to expand their payrolls are finding a surprisingly tightRead More