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.
Steve Goldstein / MarketWatch / September 17, 2013
The average American household earned $51,017 in 2012, which basically was unchanged from 2011
If you’re going to be average, be average near the heart of the federal government.
The latest Census Bureau data shows that Maryland, the District of Columbia and Virginia all are in the top five in median household income. While they have a crazy-looking flag, Marylanders pulled in $71,836 per household in 2012.
Compare that to Mississippi, where the median household brought in just $36,641 — just over half.
The average American household earned $51,017 in 2012, which basically wasRead More
Heather Taylor / NAHB / February 12, 2013
New research from NAHB finds a growing disparity between the median income of all home buyers and the median income of new home buyers.
According to the 2011 American Housing Survey (AHS), home buyers overall had a median income of $64,998. The subset of home buyers that bought new homes had a median income of $81,715, about 26 percent more than the median income of all home buyers. This spread is the largest it has been since before the 2001 AHS.
The subset of home buyers that bought a home for the first time had a median income of $59,946, about 8 percent less than the median income of all home buyers.Read More
ASCE releases new study detailing the economic consequences of failing to invest in America’s infrastructure
ASCE / PUBLIC WORKS / January 22, 2013
Reston, VA – Improving the condition of our nation’s aging roads, bridges, power lines, sewer systems, ports and waterways is critical to protecting 3.5 million jobs according to the new American Society of Civil Engineers (ASCE) report, Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Growth. Between now and 2020, investment needs across key infrastructure sectors total $2.75 trillion, while planned expenditures are about $1.66 trillion, leaving a total investment gap of $1.1 trillion.
“Infrastructure is the lifeblood of our economyRead More
Derek Thompson / The Atlantic / December 12, 2012
Now we are engaged in a great tug-of-war over a few points in the top tax rate in Washington. But even if the White House pulls hardest, it won’t amount to much of a victory for the long-suffering middle class. The sources of their income stagnation are too deep, too varied, and too long-term for Clinton-era tax rates to cure them.
“There is a huge amount of focus on progressive taxes in our policy world but progressive taxes are not much of a solution to this,” said Lawrence Mishel, president of the left-leaning Economic Policy Institute. “We need to get unemployment downRead More