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 Eye on Housing Blog / May 1, 2015
NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 7.8% and multifamily construction spending increased 23.4%, despite monthly declines for March.
For the month, the seasonally adjusted annual rate of single-family construction spending was $200.7 billion, down 1.8% from February. The March rate of multifamily construction spending was $49.2 billion, 2.1% lower than February.
The construction data (indexed in the graph below, so that the January 2000 pace is equal toRead More
Stephen Melman / Eye on Housing Blog / April 24, 2015
Builders surveyed in January 2015 ranked the most significant problems expected to face the industry in 2015. Topping the list was the Cost/Availability of Labor, an issue which has increased in importance the past two years. In 2013, 53% of builders rated Labor as a significant problem, followed by 61% in 2014 and 68% in 2015. This trend suggests an improving housing market, with an expected skilled labor shortage constraining that recovery. Building Material Prices ranked second, with 66% of builders of the opinion that it is expected to be a significant problem in 2015. In 2013, 68% of buildersRead More
David Crowe / NAHB / April 15, 2015
Home builders reversed their one month decline in sentiment as the April NAHB/Wells Fargo Housing Market Index increased 4 points to 56 from a one-point downwardly revised 52 in March. The bounce back up to the January-February average suggests the March observation was an outlier.
All three components revived to or above the early part of 2015. Current sales index rose 3 points to 61 matching the February level and 1 point below the January report. The expected sales component rose 5 points to 64, the highest in 2015, and the traffic component rose 4 points to 41. The solid and significant increaseRead More
Robert Dietz / Eye on Housing Blog / April 7, 2015
The number of open, unfilled construction sector positions increased noticeably in February. Overall, the construction labor market has been characterized by relatively higher levels of turnover over the last few months, with an increase in hiring and quits at the end of 2014 and an upward trend in job openings.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for February (on a seasonally adjusted basis) increased to 166,000 from an upwardly revised count of 137,000 in January.
The February 2015Read More
Stephen Melman / Eye on Housing Blog / March 20, 2015
The 2014 top ten publicly-traded builders captured a 26.4% share of new single-family home closings, up from 25.3% in 2013. The 26.4% share in 2014 is out of the 439,000 new home sales reported by the Census Bureau. However, this count represents a smaller share of the total single-family market when not-for-sale, custom home building is included.
The 2014 composition of the top ten builders remained unchanged from 2013, but the concentration at the top increased, along with changes in rankings. The top two builders, DR Horton and Lennar, increased their share among the top ten builders toRead More