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.
Jonathan Smoke / Hanley Wood / July 16, 2013
The Commerce Department releases new permits, starts, and completions data Wednesday morning. Let’s anticipate what we might see in the Wednesday report by looking at some real, market level permit data.
The survey methodology behind the Commerce Department data often causes the monthly metrics to be subject to significant revisions. More telling, and often ignored by the mainstream, is that the monthly changes are more often than not within the confidence interval, meaning that the monthly data are inconclusive about the direction and extent of change month over month.
The consensusRead More
John Caulfield / BUILDER / July 15, 2013
The Living Building Challenge takes aim at production builders.
Is “the world’s most rigorous building standard” ready for its close-up on the residential construction stage? That’s how the International Living Future Institute describes the construction standards of its Living Building Challenge.
Structures certified under the Challenge have achieved net zero energy, water and waste for a full year of owner occupancy. None of the building materials used to construct the buildings are on the Challenge’s “Red List,” which singles out substances and chemicalsRead More
David Crowe / NAHB / July 11, 2013
Rising home prices and increasing residential construction have been the clearest signs of the housing rebound that took hold in 2012 and continues into 2013. Data from the start of the summer are consistent with these long-run trends, offering a bright spot in otherwise lackluster economic environment.
Total private residential construction spending increased to a seasonally adjusted annual rate of $328.6 billion in May 2013, the fastest pace of residential construction since October 2008. The reading is 1.2% above the positively revised April estimate and 22% higher over a year ago.Read More
Natalia Siniavskaia / NAHB / July 1, 2013
Total private residential construction spending increased to a seasonally adjusted annual rate of $328.6 billion in May 2013, the fastest pace of residential construction since October 2008. The reading is 1.2 percent above the positively revised April estimate and 22 percent higher since a year ago.
All three components of residential construction spending registered gains. New multifamily construction spending showed the largest increases, rising 2.5 percent since April and 51.7 percent since May 2012. It is now at a seasonally adjusted annual rate of 31.8 billion.
Ryan Taylor Architects LLC / June 12, 2013
Increased activity in the luxury home market and an increase in the average home size point to a return to larger homes. This reverses a trend of decreasing home sizes from 2007 through 2009.
The luxury segment of the US housing market seems to have two components:
1) luxury buyers and the people who understand how to provide service to them by anticipate their needs, and
2) people who want to participate in the luxury market because they think they can get luxury buyers to fork over some of their money.
When the housing market began to fall apart as the housing bubble burst, it was amazing to see how manyRead More