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 / 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
Alex Carrick / Reed Construction Data / August 13, 2014
Below are six graphs recording 12-month moving averages of Reed’s non-residential construction starts.
When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.
String a couple of similar positive or negative directional changes together over several months and one has a trend.
And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.Read More
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