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.
Robert Dietz / NAHB / September 10, 2013
The count of construction sector job openings in recent months is at levels last seen in 2008 according to government employment data. While the increase of unfilled positions in 2013 is consistent with the uptick in construction sector activity, particularly for home building, the data reflect only modest increases in total employment thus far. The rise in the count of open positions is thus consistent with reports of local labor shortages.
For the construction sector, Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics (BLS) indicate that grossRead More
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
Greig O'Brien / ARCHITECT / September 5, 2013
ADP and Moody’s Analytics released their August employment report, which shows continued, steady job growth nationwide.
It appears that August will continue the steady job growth seen over the last couple of months. ADP and their partner, Moody’s Analytics, released their August employment report today, which showed that the economy added 176,000 jobs last month. This was down from July’s initially reported 200,000, but is still higher than the lull we saw this past spring.
July’s numbers were also revised down by 2,000 jobs (to 198,000 jobs added), making lastRead More
Richard Florida / The Atlantic Cities / September 2, 2013
Just in time for Labor Day, a recent Gallup poll has given some promising employment news. More than half of American workers say that their income has grown over the last five years, telling Gallup that they are making either a lot (28 percent) or a little (30 percent) more money since the onslaught of the economic crisis.
However, workers’ wage growth has been uneven across the country’s metros. To chart where wages have grown the most during America’s recovery, my Martin Prosperity Institute colleague Charlotta Mellander ran the numbers on average change in wages andRead 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