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.
AGC of America / October 3, 2014
Construction employers added 16,000 jobs and the sector’s unemployment rate fell to 7 percent, the lowest rate for September in years, according to an analysis released today by the Associated General Contractors of America. Association officials said the construction employment gains come as more firms report having a hard time finding enough qualified workers to fill available positions, citing the lack of local vocational training programs, especially at the secondary level.
“While we are eager to see even more construction employment gains, there is no denying theRead More
Construction Marketing Association / September 19, 2014
Despite many positives in the construction industry right now such as the high demand for skilled labor and that most construction firms are willing to prove higher wages for skilled workers, Alan Greenspan is pointing a finger of blame in construction’s direction.
According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago, has been held back by the construction industry’s own slow rebound.
“What we see is that construction is deadRead More
Paul Emrath / Eye on Housing / September 5, 2014
Data collected during a 2014 survey allow NAHB to produce, for the first time, summary statistics that describe the typical residential subdivision being built in the United States. The results were recently published as a Special Study in HousingEconomics.com.
For subdivisions of single-family detached homes, the summary statistics are as follows:
- Median size: 22 acres.
- Median number of housing units: 48.
- Median gross density: 2.1 units per acre.
- 4% include retail space.
- 4% include other (non-retail) commercial space.
The data come from a survey sent electronicallyRead 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
David Crowe / Eye on Housing / August 20, 2014
After a disappointing June report, housing starts rebounded to an annual rate of 1.093 million for a 15.7% increase over the upwardly revised June level. The substantial June dip, caused by a fall in single-family construction in the South, was eliminated as single-family construction rose 8.3% with increases in three of the four regions. Midwest single-family starts were down 6.8% to a 109,000 rate, but remain at about the same level as the second quarter average.
The Census and HUD data also indicated that multifamily starts increased to a 437,000 annual rate, the highest since FebruaryRead More