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.
Robert Dietz / Eye on Housing / August 1, 2014
Despite two consecutive monthly declines, the value of construction spending remains higher than levels recorded a year ago.
For the month of June, Census data indicate that the total value of private residential construction spending (put-in-place) declined 0.3% from May to a seasonally adjusted annualized rate of $356 billion. Single-family spending was down in June by 1.4%, to a $184 billion rate. In contrast, multifamily spending was up 2.5% to a $41.8 billion pace, and improvement spending increased 0.4% to $130 billion.Read More
Associated General Contractors / April 1, 2014
Private Sector Appears Poised to Increase Construction Activity in 2014 But Highway and Transit Outlays May Plunge Unless Trust Fund is Renewed This Summer, Association Officials Warn
Total construction spending in February edged up from January despite adverse weather in much of the nation, as private residential and nonresidential components posted solid growth compared with early 2013, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials noted that the construction spending figures would have beenRead More
Associated General Contractors / January 21, 2014
Many firms plan to start hiring again and most contractors predict demand will either grow or remain stable in virtually every market segment this year according to survey results released today by the Associated General Contractors of America. The survey, conducted as part of Optimism Returns: The 2014 Construction Industry Hiring and Business Outlook, provides a generally upbeat outlook for the year even as firms worry about growing worker shortages, rising costs and the impact of new regulations and federal budget cutting.
“Contractors are more optimistic about 2014 than they haveRead More