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.
Architecture Billings Index Reaches Highest Score in Seven Years
Caroline Massie / ARCHITECT / August 20, 2014
Things are looking good in the design and construction industry, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA), which reported that the July ABI score was 55.8, up from 53.5 in June, and the highest mark since 2007. (An index score above 50 indicates growth, whereas a score below 50 indicates contraction.) July’s score marks the third consecutive month of growth, breaking the recent ABI pattern of two months of progress after two months of contractions. The new projects inquiry index was 66.0, barely below June’sRead More
The State of Chief Marketers in 2014
Ayaz Nanji / Marketing Profs / August 18, 2014
Chief marketers are optimistic about the current business environment; they also believe they can achieve senior management’s goals this year, according to a recent report from the CMO Council. The findings were based on data from a survey of 525 global chief marketers (CMOs, executive vice-presidents, senior vice-presidents, and vice-presidents, depending on the top marketing title in each organization). Some 81% of respondents say they believe management mandates for top-line revenue growth and market share in 2014 are realistic and attainable. Moreover, 55% planRead More
Builder / July 7, 2014
What’s happening in Vegas? Greg Gross, Metrostudy regional director for Northern California and Nevada, explains the steady return to a new normal for a Sin City, a housing crash epicenter, and Nor Cal’s affordability struggle in his market overview at the 2014 Housing Leadership Summit.Read More
Builder / June 30, 2014
Are the days of being able to purchase a new home in Dallas-Fort Worth under $200,000 soon to be gone?
At Hanley Wood’s Housing leadership summit last month I spoke about how the housing recovery has been led by the move-up price points. I also spoke about the supply constraints facing the Dallas-Fort Worth market and how it is rapidly driving up the price of lots and new homes. Builders and developers have appropriately focused their new developments in the move up price ranges. Starts are now back to the peak level of 2006 for homes priced over $300,000 and lot deliveries are exceeding theRead More
Builder / June 26,2014
Raleigh is catching up to its pre-crash norms with just 25% of lot supply meeting housing demand this year. In this market overview from the 2014 Housing Leadership Summit, Metrostudy’s Jay Colvin explains that although this North Carolina market felt a similar downturn to the rest of the county with 65-70% decrease in volume, it has regained all jobs lost since the recession.Read More
Builder / June, 2014
Thinking of retiring to Florida? According to Metrostudy’s Tony Polito, fewer baby boomers are Florida-bound, which will impact coastal markets in the coming years. In his market overview, Polito explains that although Sarasota has stayed strong with significant migration from the New York Metro Area, Tampa remains one of the toughest markets with numbers down and prices up.Read More
Builder / June 4, 2014
Builders in Broward County are getting creative by converting old golf courses into lots to meet constrained supply, explains Metrostudy’s David Cobb in his market overview at the 2014 Housing Leadership Summit. The five diverse submarkets and eight counties that make up South Florida are seeing concentrated housing starts, affordable home building on the Treasure Coast, and steady growth in the region.