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.
Michael Neal / NHAB / October 3, 2013
Today, NAHB hosted its Fall Construction Forecast Webinar (CFW) featuring three renowned industry experts. NAHB Chief Economist David Crowe was joined by Mark Zandi, Chief Economist at Moody’s Analytics, and NAHB Senior Economist Robert Denk to present views on the outlook for the US economy and the housing market more specifically.
Here are the major points from today’s presentation:
David Crowe, Chief Economist at NAHB, noted that economic growth is expected to accelerate over the coming years and recent growth has reflected improvement in the housing market. At the same time, employmentRead More
Caroline Porter / September 30, 2013
More Demanding Jobs, Coupled With Recession, Have Postponed Young Americans’ Entry Into Workforce, According to New Report
The on-ramp to adulthood is delayed and harder to reach for young people today, a reality that is changing the country’s society and economy, according to a new report.
More demanding job requirements, coupled with the pressures of the recession, have delayed the transition to adulthood for young people in the past decade and earned them the title of “the new lost generation,” according to the report from the Georgetown University CenterRead More
Alec Friedhoff and Siddharth Kulkarni / Brookings Institution / September 25, 2013
Brookings Institution fellows Alec Friedhoff and Siddharth Kulkarni produce this updated version of the Metro Monitor, which tracks the performance of the 100 largest U.S. metropolitan areas, presenting data for four key indicators-jobs, unemployment, gross product, and home prices-over three time periods. It’s nearly fourth quarter 2013. Do you know where your rebound is?
Richard Florida / The Atlantic Cities / September 18, 2013
Eighty percent of America’s metropolitan areas experienced real economic growth in 2012, according to new figures released yesterday by the U.S. Bureau of Economic Analysis.
Of the nation’s 381 metros, a full 305 experienced some year-over-year growth in GDP. And significantly, this pace of this growth has accelerated, averaging 2.5 percent across the country’s metro areas in 2012, compared to 1.7 percent last year.
That’s the good news. Fewer places than you’d think are being left totally behind, though the story within and between these metros is moreRead More
Steve Goldstein / MarketWatch / September 17, 2013
The average American household earned $51,017 in 2012, which basically was unchanged from 2011
If you’re going to be average, be average near the heart of the federal government.
The latest Census Bureau data shows that Maryland, the District of Columbia and Virginia all are in the top five in median household income. While they have a crazy-looking flag, Marylanders pulled in $71,836 per household in 2012.
Compare that to Mississippi, where the median household brought in just $36,641 — just over half.
The average American household earned $51,017 in 2012, which basically wasRead More