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.
Eye on Housing Blog / NAHB / March 19, 2014
As the unusually cold winter continued in many parts of the country, March builder confidence remained steady. The NAHB/Wells Fargo Housing Market Index came in at a level of 47, one point lower from February’s 46. Ongoing weather challenges and increasing concern among builders about supply chain issues have held builder confidence down in recent months.
Census reported housing construction starts were virtually unchanged from slightly upwardly revised January figures. Total housing starts were 907,000 on a seasonally-adjusted annual basis, nearly identical to 909,000 inRead More
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