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.
NAHB / August 21, 2013
Even with improving economic conditions, a record number of Millennials live with their parents. According to a recent study published by the Pew Institute, the share of the U.S. population aged 18 to 31 living in their parent’s home increased to 36 percent or a record 21.6 million young adults in 2012. The share of the same age group living with parents prior to the start of the Great Recession was 32 percent and 34 percent at the end of the Great Recession in 2009.
This growth has largely been attributed to three factors; declining employment, increasing college enrollment, and decliningRead More
John Caulfield / BUILDER / August 7, 2013
Billions of dollars and thousands of domestic jobs are lost annually as product knockoffs, mostly from China, continue to stream into North America.
Most contractors probably have a torpedo level in their toolboxes, but fewer can be certain about that tool’s provenance or quality.
The mention of torpedo levels isn’t random. A leading supplier, Wisconsin-based Empire Level, has been stepping up its efforts to thwart the perennial problem of counterfeits coming into the U.S. from Asia and primarily China.
Illegal knockoffs of tools and just about every other product these days—consumerRead More
Ben Casselman / The Wall Street Journal / August 6, 2013
It’s getting easier for unemployed workers to find jobs. Whether they’re good jobs is another question.
There were 2.99 job seekers for every open job in June, the Labor Department said Tuesday, the first time the ratio has dropped below three since October 2008. Unemployed workers still have it a lot harder than in the mid-2000s, when there were consistently fewer than two workers per opening, but their prospects are far better than in the depths of the recession, when there were more than six job seekers for every job.
July data won’t be available for another month, but it likely showedRead More
Robert Dietz / NAHB / August 6, 2013
New government employment data indicate that the June count of construction sector job openings was the highest total since May 2008. While the increase in unfilled positions 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 rising 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 gross hiring declined,Read More
Jeffry Bartash / Market Watch / August 1, 2013
The U.S. has regained more than four-fifths of the 8.8 million jobs lost in the private sector during the last recession, but peak won’t be matched until early 2014 at the current pace of hiring. Here’s a MarketWatch snapshot from Jeffrey Bartash of over-achiever sectors with comment on their importance in the big scheme of things.Read More