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 / 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
Joel Kotkin and Wendell Cox / newgeography / July 30, 2013
A city at its best, wrote the philosopher René Descartes, provides “an inventory of the possible.” The city Descartes had in mind was 17th-century Amsterdam, which for him epitomized those cities where people go to change their circumstances and improve their lives. But such aspirational cities have existed throughout American history as well, starting with Boston in the 17th century, Philadelphia in the 18th, New York in the 19th, Chicago in the early 20th, Detroit in the 1920s and 1930s, followed by midcentury Los Angeles, and San Jose in the 1980s.
Yes, the great rule of aspirationalRead More
Greig O'Brien / ARCHITECT / July 31, 2013
ADP and Moody’s Analytics released their July employment report, which shows continued job growth nationwide.
June was a good month for job growth, from both payroll-processing firm ADP and their partner Moody’s Analytics and the U.S. Department of Labor’s Bureau of Labor Statistics, after a soft month in May and disappointing month in April. July seems to be building on that success. ADP reports today that the economy added 200,000 new jobs in July. The goods-producing segment of the economy added 22,000 jobs and the service-providing segment added 177,000
Greig O'Brien / ARCHITECT / July 24, 2013
In June, the American Institute of Architects’ Architecture Billings Index saw a continuation of what we reported in May—a return to growth in the demand for architectural design services. April had seen the first dip into negative territory for the index in nine months, which now seems for certain to be an outlier. With a national score of 51.6, down from May’s 52.9, June’s overall rate of growth did cool off a little, but the industry is still on the rise. (A score above 50.0 in the index means that demand is increasing; below 50.0 means that demand is contracting.)
But the slight softeningRead More