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 / 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
The Wall Street Journal / August 11, 2013
The U.S. economic growth outlook has been upgraded to decent from lousy—which, while some distance from good, is likely good enough for the Federal Reserve to pull back on its stimulus later this year.
On the positive side, fears of another downturn are minimal. Economists in the latest Wall Street Journal economic forecasting survey put less than a 15% chance on another recession hitting in the next 12 months.
But at the same time, they put only a 13% chance that growth in gross domestic product this year will be stronger than the long-run average of 3.5%.
The latest GDP data released last monthRead More
CNN Money / June 4, 2013
From supermarkets to microchips, the recovery in housing is boosting stocks across the board. CNN/Money has the video analysis. The Builder Pulse take-away: Since households account for two of every three GDP dollars, there’s no multiplier effect quite like it
Samuel Weigley, Michael B. Sauter, Alexander E.M. Hess / 24/7 Wall Street / January 15, 2013
The population of the United States living in urban areas is growing faster than the national rate. At last count, more than four in five Americans lived in a metropolitan area, an increase of over 12% in the last decade. Meanwhile, the proportion of Americans living in rural areas declined. If this trend continues, nearly all Americans will live in megacities in the near future.
Regardless of whether this happens, more pressure will be placed on mayors to manage their growing populations. 24/7 Wall St. has completed its second annual ranking of the 100 largest cities in the U.S., based on localRead More