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 General Contractors / July 1, 2015
Construction spending climbed in May to the highest level since October 2008, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that those spending gains could be at risk unless all levels of government strengthen programs to develop the construction workforce.
“There were solid monthly and year-over-year gains in May for all major construction categories—private nonresidential, residential and public,” said Ken Simonson, the association’s chief economist. “The private segments appear poisedRead More
Robert Dietz / Eye on Housing / June 1, 2015
NAHB analysis of Census construction spending data finds that the pace of residential construction spending improved on both a monthly and year-over-year basis for April.For the month, the seasonally adjusted annual rate of single-family construction spending was $206 billion, up 1.6% from March. The April rate of multifamily construction spending was $51 billion, 3.1% higher than March.
On a year-over-year basis, the pace of single-family construction spending was up more than 9% from April 2014, while multifamily spending was almost 25% higher.
The Census constructionRead More
Robert Dietz / NAHB Eye on Housing Blog / May 1, 2015
NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 7.8% and multifamily construction spending increased 23.4%, despite monthly declines for March.
For the month, the seasonally adjusted annual rate of single-family construction spending was $200.7 billion, down 1.8% from February. The March rate of multifamily construction spending was $49.2 billion, 2.1% lower than February.
The construction data (indexed in the graph below, so that the January 2000 pace is equal toRead More
AGC of America / February 2, 2015
Construction spending rose in December to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis by the Associated General Contractors of America. Association officials said President Obama’s budget proposal and his suggested infrastructure funding program should help construction spending continue to grow by accelerating debate about the best way to fund repairs to the nation’s aging roads, bridges, and other public infrastructure.
“For the first time in nearly a decade there was growthRead More
American Institute of Architects / January 28, 2015
The nonresidential building market was hamstrung by weather-related delays during the first part of the 2014, but conditions improved dramatically throughout the rest of the year to finish with greater than anticipated spending levels. The commercial construction sector is now looking at double-digit increases in 2015, led by vigorous levels of demand for hotels and office buildings.
The American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting that spending will see a 7.7%Read More