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.
Charlotte O'Malley / BUILDER / September 30, 2013
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According to Metrostudy’s active new home survey data, the five fastest-growing metros have experienced over 10,000 new home starts. As Metrostudy points out in their blogpost “A Housing Dimension to Forbes’ Recent Projection,” it’s noteworthy that the top three markets experiencing new home growth are included in a recent Forbes article listing top markets for expected job growth annually. Here are the markets that overlap:Read More
Alec Friedhoff and Siddharth Kulkarni / Brookings Institution / September 25, 2013
Brookings Institution fellows Alec Friedhoff and Siddharth Kulkarni produce this updated version of the Metro Monitor, which tracks the performance of the 100 largest U.S. metropolitan areas, presenting data for four key indicators-jobs, unemployment, gross product, and home prices-over three time periods. It’s nearly fourth quarter 2013. Do you know where your rebound is?Read More
Richard Florida / The Atlantic Cities / September 18, 2013
Eighty percent of America’s metropolitan areas experienced real economic growth in 2012, according to new figures released yesterday by the U.S. Bureau of Economic Analysis.
Of the nation’s 381 metros, a full 305 experienced some year-over-year growth in GDP. And significantly, this pace of this growth has accelerated, averaging 2.5 percent across the country’s metro areas in 2012, compared to 1.7 percent last year.
That’s the good news. Fewer places than you’d think are being left totally behind, though the story within and between these metros is moreRead More
Richard Florida / The Atlantic Cities / September 2, 2013
Just in time for Labor Day, a recent Gallup poll has given some promising employment news. More than half of American workers say that their income has grown over the last five years, telling Gallup that they are making either a lot (28 percent) or a little (30 percent) more money since the onslaught of the economic crisis.
However, workers’ wage growth has been uneven across the country’s metros. To chart where wages have grown the most during America’s recovery, my Martin Prosperity Institute colleague Charlotta Mellander ran the numbers on average change in wages andRead More
Svenja Gudell / Zillow / July 22, 2013
Zillow’s second quarter Real Estate Market Reports , released today, show home values increased 2.4% from the first quarter of 2013 to the second quarter of 2013 to $161,100 (Figure 1). This quarter marks the largest annual gain since August 2006 and largest quarterly gain since the fourth quarter of 2005. On an annual basis, the Zillow Home Value Index (ZHVI) rose 5.8% from June 2012 levels. Monthly appreciation remains strong with national home values growing by 0.9% from May. Not only did the pace of home value appreciation quicken in the second quarter, but the recovery also fullyRead More