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.
Joel Kotkin / newgeography / June 18, 2013
It was widely reported that the Great Recession and subsequent economic malaise changed the geography of America. Suburbs, particularly in the Sun Belt, were becoming the “new slums” as people flocked back to dense core cities.
Yet an analysis of post-2007 population trends by demographer Wendell Cox in the 111 U.S. metro areas with more than 200,000 residents reveals something both very different from the conventional wisdom and at the same time very familiar. Virtually all of the 20 that have added the most residents from 2007 to 2012 are in the Old Confederacy, the Intermountain WestRead More
William H. Frey / The Brookings Institution / May 28, 2013
Big cities could be making a growth comeback after a rocky decade. Their growth rates are rising and, for the second year in a row, they are growing faster than their surrounding suburbs.
The Census Bureau’s new release of population estimates for cities through July 2012 offer some surprises in light of recent trends. After plummeting to postwar lows during the Great Recession and its immediate aftermath, national migration rates have begun to increase again as the economy recovers. As a result, the traditional Snowbelt-to-Sunbelt shift has resumed as well. Many assumed that large cities,Read More
JP Donlon / May 6, 2013
In its ninth annual survey of CEO opinion about the best and worst states in which to do business, 736 CEOs—the highest response on record—rendered their verdict. Business leaders were asked to grade states with which they are familiar on a variety of competitive metrics that CEOs themselves regard as critical. These include: 1) taxation and regulation; 2) quality of workforce; and 3) living environment. The tax and regulatory grade includes a measure of how CEOs grade a state’s attitude toward business, a key indicator.
In the minds of most leaders, a state’s friendliness is closelyRead More
Mary Ellen Biery/ Forbes / May 12, 2013
Private companies working on everything from the foundation to the roof of buildings are generating double-digit sales growth as the construction sector strengthens, according to data from Sageworks, a financial information company.
The majority of U.S. construction companies are privately held, so their performance is critical to the overall industry and the economy. The Private Company Report by Sageworks, a monthly update on the health of private companies in America, shows that several categories of construction posted mid-teen percentage sales increases in the 12 months endedRead More
Robert Dietz / NAHB / May 3, 2013
Over the last two years, home building has experienced significant growth, albeit off of low levels. And this expansion has added to overall growth of Gross Domestic Product (GDP). In fact, since the last quarter of 2011, advances in home building have been responsible for 20% of total economic expansion.
While the economy as a whole has slowed somewhat over the last year, the expansion of home building has picked up steam. The home building component of the GDP accounts, as measured by the Bureau of Economic Analysis, is Residential Fixed Investment (RFI). RFI includes spending on residentialRead More