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.
Rose Quint / NAHB / February 22, 2013
Exceptionally low interest rates helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012. The NAHB/Wells Fargo Housing Opportunity Index (HOI) rose to 74.9 percent, up from 74.1 percent in the third quarter.
The HOI is the share of new and existing homes sold in a quarter affordable to a family earning the median income. An HOI of 74.9 means that 74.9 percent of all homes sold in the last three months of 2012 were affordable to families earning the national median income ($65,000).
Ogden-Clearfield, Utah held its positionRead 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