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.
Katie Gloede / BUILDER / June 29, 2015Read More
Robert Dietz / Eye on Housing / June 1, 2015
NAHB analysis of Census construction spending data finds that the pace of residential construction spending improved on both a monthly and year-over-year basis for April.For the month, the seasonally adjusted annual rate of single-family construction spending was $206 billion, up 1.6% from March. The April rate of multifamily construction spending was $51 billion, 3.1% higher than March.
On a year-over-year basis, the pace of single-family construction spending was up more than 9% from April 2014, while multifamily spending was almost 25% higher.
The Census constructionRead More
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
Dionne Searcy / The New York Times / February 24, 2015
In the initial years after the collapse of the housing bubble, a severely wounded industry focused mostly on putting up more affordable duplexes and other multifamily housing, including rental apartments.
But some economists say that demand for multifamily construction is leveling off. Home price appreciation in general is slowing as well; the Standard & Poor’s/Case-Shiller index report on Tuesday showed a pace of growth in the single digits.
In this environment, builders are turning to the wealthy as the most reliable market on which to place their bets.
“That buyer is financiallyRead More
Josh Miller / Eye on Housing / December 2, 2014
NAHB analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8%, multifamily spending increased 1.0% and home improvement spending increased 0.6% from revised September estimates.
Total private residential construction spending (all three components combined) increased from the revised September estimate to a seasonally adjusted annual rate of $353.8 billion. On a 3-month moving average basis, from October 2013, the annualized pace of total private residential constructionRead More