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.
Mike Sauter / 24/7 Wall St. / July 15, 2013
The average wage of a U.S. worker was $1,000 per week in the fourth quarter of 2012, or 4.7% higher from the same time in 2011, according to the Bureau of Labor Statistics (BLS). In some areas, pay rose than 10%.
In the San Francisco metropolitan area, the average wage grew by nearly 25%, more than any area in the country. Based on the BLS Quarterly Census of Employment and Wages, these are the cities with the biggest increases in pay.
In an interview with 24/7 Wall St., BLS Chief Regional EconomistRead More
Samuel Weigley / 24/7 Wall St. / July 10, 2013
The average U.S. worker was paid $1,000 per week as of the fourth quarter of 2012. This is, according to the Bureau of Labor Statistics, a 4.7% increase from 2011.
In the vast majority of U.S. metropolitan areas, wages grew. In San Francisco, for one, the average wage grew by nearly 25%. In other cities, however, wages continued to fall. Eight cities had a decline of at least 1% weekly wages. In the Anniston-Oxford, Alabama area, wages fell by 2.4%. Based on the BLS’ quarterly census of employment and wages, these are the cities with the biggest declines in pay.Read More
David Crowe / NAHB / July 8, 2013
The July NAHB/First American Improving Markets Index dropped slightly to 255 from 263 in June as 14 metropolitan areas were dropped from the list and six were added. The number of markets that are improving remains at over 70 percent of all metropolitan areas with sufficient data (361). The majority of the dropped metro areas had weak house price growth as of the June report and those prices fell back below the previous low for the July report. In June their reported average price growth was less than 1 percent while the metros that remained on the list have an average house price growth of 6.6 percent.Read More
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
Ryan Avent / The Economist / May 7, 2013
The Economist’s Ryan Avent looks at two measures of metro performance, inbound migration and the change in local Gross Domestic Product output per person, to rank cities by performance. He’s come up with a 10 best-performing list, and 10 worst. Worth tinkering into housing projection models.
THIS week’s print edition includes a look at the changing trajectory of the American recovery. From 2007 to 2011 many of the extreme points in America’s metropolitan distribution, in employment terms, could be found in the Sunbelt: cities in Texas and Oklahoma were among theRead More