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.
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
Michael Neal / NAHB / August 22, 2013
Nationally, house prices continued to rise in the second quarter of 2013. According to the most recent release by the Federal Housing Finance Agency, U.S. house prices rose by 2.1% on a quarter-over-quarter seasonally adjusted basis. This is the eighth consecutive quarterly increase for the House Price Index – Purchase Only. Over the past two years house prices have climbed by 8.1%.
On a month-over-month basis, the June increase in house prices were geographically widespread, increasing in every division of the country. As Chart 1 illustrates, the largest gains took place in the PacificRead More
Greig O'Brien / ARCHITECT / August 21, 2013
The AIA’s Architecture Billings Index for July is firing on all cylinders.
The Architecture Billings Index for July, released today by the American Institute of Architects, shows that the market for design and construction services continues its steady and sustained recovery. With a national billings score of 52.7, more than a full point higher than June’s 51.6, demand for architectural services picked up even more steam last month. (Being an index, any score over 50 means that demand increased, and any score under 50 means that the industry contracted.) Except for one small bump in theRead More
Madison Inselmann / Metrostudy / August 20, 2013
Forbes magazine recently released an infographic showing the top markets for expected job growth in the coming years. As has been the case for about eighteen months now, Texas continues to lead the way. The fact that Texas owns 7 of the top 10 spots is no surprise considering the energy boom that took off during the recession as well as the housing recovery that began about a year ahead of the nation’s residential return. This expected growth is encouraging for the local markets involved. Interest rates have shaken some of the consumer confidence that took so long to manufacture, evenRead More