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.
Ken Simonton / Associated General Contractors
Construction market growth is projected to average between 6 and 10 percent per year in 2014 – 2017, according to Ken Simonton, economist for Associated General Contractors of America. In a recent Construction Market Outlook, Simonton provided an excellent macro-economic assessment of the landscape for commercial and residential developers and builders. Below are a few data points from the outlook. To view the entire report, click here.
- Total construction spending: +6% to +10% per year
- less SF housing, retail; declining public spending
- new drivers: shale-based
January 30, 2014 (Washington, DC) – Hanley Wood Media has announced the promotion of award-winning editorial strategist John McManus as Editorial Director for its Residential Construction Group, overseeing strategy and operations for Hanley Wood’s new residential construction digital, print, and in-person titles including BUILDER, BIG BUILDER, CUSTOM HOME, and the Multifamily Group of titles, Affordable Housing Finance and Multifamily Executive.
“Hanley Wood’s history is rooted in the residential construction market, and our readers have come to trust and respect ourRead More
NAHB / October 16, 2013
Builder confidence in the market for newly built, single-family homes fell two points in October from a downwardly revised reading in the previous month to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
“Builder optimism remains above 50 and we are still seeing signs of pent-up demand in many markets across the country,” said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. “This slight dip in builder sentiment is the result of continuing challenges in the marketplace with regard to the cost and availabilityRead More
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Teresa Burney / BUILDER / July 18, 2013
Unions promise trained carpenters when housing market rebounds.
When home builders need carpenters, union trained ones will be available in the markets where unions are active, says Douglas J. McCarron, general president of the United Brotherhood of Carpenters.
With 250 training centers, an extensive apprenticeship program, and recruiting programs at community colleges and high schools, the union has the infrastructure in place to gear up quickly to provide the next generation of carpenters, McCarron said.
And he’s not worried about lack of candidates — the organization’sRead More