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.
Jeff Leieritz / Associated Builders and Contractors, Inc / August 4, 2014
Washington, D.C. – Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist David Crowe provided a collaborative economic forecast today combining their expert economic analysis on leading, present and lagging economic indicators.
“A combination of low interest rates; wealth effects stemming from a booming stock market and rising home prices; surging energy production; and expanding industrial output has helpedRead More
Rose Quint / Eye on Housing / August 8, 2014
Unlike recent news that builders continue to face serious difficulties finding lots and labor to build new homes, a survey conducted by NAHB in July shows that shortages of key building materials have actually eased in 2014. In fact, only 15% of builders reported some or serious shortages of trusses or clay bricks, the highest incidence among the more than 20 materials builders were asked about. Fourteen percent reported shortages of each windows/doors, gypsum wall board, and cabinets.
The graph below shows the complete list of the 23 building materials and products in the survey,Read More
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
Robert Dietz / Eye on Housing / July 25, 2014
The share of new single-family home sales purchased with cash rose during the second quarter of 2014, reaching 8.4% of sales.
The onset of the housing crisis in 2007 led to a decline in the share of new home sales due to conventional mortgage financing and increases in the shares due to mortgages backed by the FHA and the Department of Veteran’s Affairs (VA), as well as cash purchases.
The second quarter data from the Census Bureau’s Quarterly Sales by Price and Financing indicates that count of cash-based new home sales rose to 10,000 for the quarter, matching a cycle high. During theRead More
AGC of America / July 18, 2014
Florida Has Largest 12-Month Percent and Total Gains, New Jersey Has Biggest Annual Declines; South Dakota and Florida Top Monthly Rankings, Alaska and California Shed Most Jobs in June
Construction firms added jobs in 38 states and the District of Columbia over the past 12 months, but they reduced headcount in 27 states between May and June, according to an analysis today of Labor Department data by the Associated General Contractors of America. Association officials said the employment gains help, but that construction employment remains below peak levels in every location except NorthRead More