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.
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
Greig O'Brien / ARCHITECT / September 18, 2013
Five years after the world economy melted down, the AIA’s Architecture Billings Index for August shows that growth might be here to stay.
Last weekend was the five-year anniversary of the collapse of Lehman Brothers, an event that kicked off the sinking of the world economy into recession and to the brink of worldwide depression. For the past week, media commentators have been remembering the harried months that followed, which seemed like the end of days at the time. (One good example is Neil Irwin’s walk down memory lane for the Washington Post.) But now, for many, the memory of thoseRead More
Sam Ro / Business Insider / September 15, 2013
Former Treasury Secretary Larry Summers has pulled himself out of the running for Chairman of the Federal Reserve.
While this is likely to dominate headlines Monday, there are some big economic events to watch this week.
Here’s your Monday Scouting Report:
- Stand By For The Fed: When the Federal Reserve concludes its two-day Federal Open Market Committee (FOMC) meeting on Wednesday, economists expect to hear that the Fed is tapering its monthly purchases of $85 billion worth of Treasury and mortgage-backed bonds. This is something that Fed Chairman Ben Bernanke and
Joel Kotkin and Mark Schill / new geography / September 4, 2013
The world’s biggest and most dynamic economy derives its strength and resilience from its geographic diversity. Economically, at least, America is not a single country. It is a collection of seven nations and three quasi-independent city-states, each with its own tastes, proclivities, resources and problems. These nations compete with one another – the Great Lakes loses factories to the Southeast, and talent flees the brutal winters and high taxes of the city-state New York for gentler climes – but, more important, they develop synergies, albeit unintentionally. Wealth generatedRead More