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.
Brad Hunter / Metrostudy / June 30, 2014
Housing always swings much more wildly up and down than does the general economy. A survey that came out a couple of weeks ago drove home for me the reason why. The recent survey, from Hart/MacArthur, said that 7 in 10 people believe we are still in the middle of the [housing/economy] crisis, or that the worst is yet to come. That seems unduly pessimistic, given that job growth is improving, and that can only help incomes and housing demand.Read More
NAHB / June 12, 2014Read More
Jonathan Smoke / Metrostudy / December 3, 2013
With the impact of the government shutdown in October, we have not had the usual data in October and November to review residential construction activity and new home sales. Earlier this week, Brad Hunter and I reviewed with some members of the media the most recent Metrostudy data across observed closings, builder reported traffic and sales, and permits. My conclusion remains that we are seeing some seasonal pullback and pockets of more than seasonal decline in sales, but overall activity appears to be consistent with growth, and certainly there is no call for concern regarding theRead More
Robert Dietz / NAHB / October 3, 2013
Housing is an important source of economic growth. As of the second quarter of 2013, housing’s share of gross domestic product (GDP) was 15.6%, with home building yielding 3.1 percentage points of that total.
Housing-related activities contribute to GDP in two basic ways.
The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building and remodeling contribution to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees. For the secondRead More