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.
Craig Webb / REMODELING / July 9, 2013
Numbers come from survey of 100,000 homeowners
Houzz announced July 8 the launch of Houzz Real Cost Finder, a service that pulls data from a survey of more than 100,000 homeowners to give estimates of potential costs of remodeling projects in more than 50 metro areas and every state.
“With the Real Cost Finder, homeowners can research real costs for completed projects gathered from homeowners in their area ranging from high-end to modest, for virtually every space inside and outside their home,” Houzz said in a news release.
The Cost Finder tool opens by showing average costs forRead More
Duane Craig / TechRepublic / June 25, 2013
Takeaway: Experts weigh in on the phantom costs associated with social media campaigns that you may be overlooking. Time is one example of a business expense you may not consider.
The return on investment for those using social media for marketing remains stubbornly elusive. Social Media Examiner’s “2013 Social Media Marketing Industry Report (PDF)” revealed that 87% of marketers want to know how to measure social’s return, and that has been a consistently pressing theme for three years in a row. Still, large numbers of businesses and marketers continue investing in the medium.Read More
Associated Builders and Contractors, Inc. / May 15, 2013
National construction materials prices slipped 0.1 percent in April, according to the May 15 producer price report by the U.S. Department of Labor. Year over year, construction materials prices are up just 0.4 percent. Nonresidential construction materials prices decreased 0.1 percent for the month and are down 0.4 percent over the last 12 months.
Nonferrous wire and cable prices dropped 3.5 percent for the month and are down 4.2 percent on a year-over-year basis. Prices for plumbing fixtures and fittings slipped 0.5 percent compared to March, but are 0.8 percent higher than AprilRead More
Shobhana Chandra & John Gittelsohn / Bloomberg/Businessweek / April 23, 2013
Even as U.S. housing rebounds from its worst downturn since the 1930s, production bottlenecks are pushing up building-materials costs, land prices are rising and skilled labor ready to begin work is hard to find.
Suppliers of glass, drywall and wood products, who reduced output during the slump, are testing the vigor of the rebound by boosting prices before committing to restore capacity. Builders, including Lennar Corp., Toll Brothers Inc. and KB Home, are asking homebuyers for more money as a result or are delaying sales, posing a temporary hurdle for the industry that has become one of theRead More
The 24th edition of the remodeling industry’s most important report contains data that compares construction costs for popular remodeling projects against the share of those costs recovered at resale. In addition to city data, the report includes tables with national and regional averages, as well as complete project descriptions, 3-D images and QuickTime movies for all 35 projects surveyed.
Please click here to visit the official Cost vs. Value Web site for detailed information and to download the report.Read More