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 / June 12, 2015
Prices for inputs to construction industries expanded by 1.1 percent in May, the largest month-over-month increase in more than two years and only the third time in the past 10 months that construction input prices have grown on a monthly basis. Year-over-year prices fell by 3 percent in May and have now fallen by more than 3 percent in each of the year’s first five months. The last time this occurred was the third and fourth quarter of 2009. Only three of the 11 key construction inputs—nonferrous wire and cable, crude petroleum and crude energy materials—experienced monthly price increasesRead More
Staff Report / BUILDER / April 9, 2015Read More
Hallie Busta / ProSales / September 5, 2013
Homeowner demand for decking and railing products is poised to continue its steady rise through 2015 at an annual rate of 4% to value $4.1 billion that year. While demand for synthetic and metal boards and rails is expected to grow faster than that for wood, the historical market front-runner will likely hold its lead and market share.
The news comes from Malvern, Pa.-based consulting firm Principia’s 2013 survey of more than 750 homeowners, dealers, and other industry experts about their buying and selling decking and railing. In its report, the company projects 13% growth in demand for each
Joshua J. Miller / NAHB / September 3, 2013
Total private residential construction spending increased marginally to a seasonally adjusted annual rate of $334.6 billion in July 2013 according to Census estimates. Spending continues to improves, but remains well below the peak pace of $676.4 billion in March 2006. The current reading is 17.2% higher than a year ago.
Single-family spending registered a slight increase of 0.5% for the month, while the home improvement category increased 0.8%. The multifamily category remained nearly unchanged with an increase of 0.1% for the month.Read More