The economy had another robust month of job growth in January, adding 257,000 net new positions and producing the best wage gains in more than six years…
The unemployment rate ticked up to 5.7%, but that was because 703,000 more people entered the labor force, a positive sign for the jobs market…In addition to January's job growth, the Labor Department said the economy added an additional 147,000 net new jobs combined in November and December…The upward revisions mean the U.S. economy added just over 1 million net new jobs in the three months ending Jan. 30, the first time that's happened since 1997...
Friday, February 6, 2015
Job growth remained robust in January
More good news on the job front! From the L.A. Times:
To read the entire BLS press release, click here.
BuilderBytes' MetroIntelligence Economic Update for 2/6/15
Please click here to see the edition of BuilderBytes for 2/6/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- 2015 job cut report; 40% of 53,041 cuts due to falling oil prices
- Initial unemployment claims rise 11,000 in latest report, but 4-week average down by 6,500
- Labor productivity fell by 1.8 percent in 4Q 2014 due to an increase in hours worked
- Mortgage applications rise 1.3 percent in latest survey as rates dip
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Thursday, February 5, 2015
BuilderBytes' MetroIntelligence Economic Update for 2/5/15
Please click here to see the edition of BuilderBytes for 2/5/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Private sector jobs rose by 213,000 in January
- Manufacturing sector activity dipped in January but most industries seeing strong demand
- Service sector activity rose in January; business conditions generally stable
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Tuesday, February 3, 2015
BuilderBytes' MetroIntelligence Economic Update for 2/3/15
Please click here to see the edition of BuilderBytes for 2/3/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Consumer confidence rose in December to highest level since January 2007
- Third quarter GDP growth falls to 2.6 percent in advance estimate
- Chicago Business Barometer stabilized in January after two straight declines
- Personal income rose in December as consumer spending dipped
- Construction spending rose 0.4 percent in December; total spending in 2014 rose 5.6 percent
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Friday, January 30, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/30/15
Please click here to see the edition of BuilderBytes for 1/30/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Pending home sales dipped in December but were still far above year-over-year levels
- Mortgage applications dip 3.2 percent in latest survey as rates rise slightly
- Initial unemployment claims dip by largest amount since November 2012 to 265,000
- Federal Reserve opts to keep interest rates at current levels at least through June
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Thursday, January 29, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/29/15
Please click here to see the edition of BuilderBytes for 1/29/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Existing home sales bounced back in December as median home prices continued to climb
- December new home sales jump to highest level in six years
- S&P/Case-Shiller Indices report declining year-over-year growth rates in November
- Consumer confidence rises to highest level since August 2007
- Leading Economic Index rose again in December as short-term outlook continues to improve
- Durable goods orders fall 3.4 percent in December due mostly to plunge in commercial aircraft orders
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Thursday, January 22, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/22/15
Greetings from IBS 2015!
Please click here to see the edition of BuilderBytes for 1/22/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:- Builder confidence dips one point to 57 but still well into positive territory
- December building permits dip 1.9 percent from November but up 1.0 percent year-over-year
- December housing starts rise 4.4 percent from November and 5.3 percent year-over-year
- Mortgage applications rise by 14.2 percent in latest survey as rates dip again
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Tuesday, January 20, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/20/15
Greetings from IBS 2015!
Please click here to see the edition of BuilderBytes for 1/20/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:- CPI fell by 0.4 percent in December due largely to falling gas prices
- Industrial demand fell slightly in December due to reduced utility demand
- January consumer confidence index jumps to highest level since 2004
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Monday, January 19, 2015
January column for Builder & Developer magazine now online
My column for the January 2015 issue of Builder and Developer magazine is now posted online.For this issue, entitled "Practicality and Nostalgia Meet Technlogy," I wanted to review some of the new housing trends we can expect in 2015. An excerpt:
We’ll start seeing less of what I like to call the two-story, “impress the in-laws” foyers. Instead, look for larger garages with nooks for hobbies as well as specialized storage areas throughout the home where everything has its place to minimize clutter. In addition, given advances in portable fireplaces which don’t require traditional venting, look for more indoor and outdoor fire pits and even painting-sized options which can be hung on walls.
In terms of design cues, don’t be surprised to see some updated relics from the past which have been re-purposed for 2015, such as free-standing bathtubs accompanied by open wall niches for storage. The durability of porcelain is now competing with other materials as imitation wood for flooring options, which not only saves money (and the environment) versus the real thing, but is more resistant to moisture and actually stands up better to high-traffic areas over time. Similarly, the durability of naturally occurring quartzite is starting to edge out man-made quartz due to its closer appearance to marble as well as being nearly indestructible...
To read the entire column, click here.
To read the entire January 2015 issue in digital format, click here.
Friday, January 16, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/16/15
Please click here to see the edition of BuilderBytes for 1/16/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Producer Price Index dipped 0.3 percent in December but up 1.1 percent for 2014
- Business inventories rose in November as sales fell slightly
- January Empire State Manufacturing Survey shows widespread optimism
- Philadelphia Fed's Business Outlook Survey rose modestly in January
- Initial unemployment claims rise by 19,000 in latest report
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Thursday, January 15, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/15/15
Please click here to see the edition of BuilderBytes for 1/1/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Job openings rose three percent in November, up 17 percent over the past year
- Retail sales posted unexpected decline in December
- Mortgage applications rise by nearly 50 percent in latest survey as rates fall to lowest level since May 2013
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Tuesday, January 13, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/13/15
Please click here to see the edition of BuilderBytes for 1/13/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Employers added 252,000 jobs in December, capping best year of hiring since 1999
- Consumer credit rose again in November due to non-revolving debt
- FOMC minutes show rates remaining stable until at least April; will continue to monitor potential inflation
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Friday, January 9, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/09/15
Please click here to see the edition of BuilderBytes for 1/09/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Private sector employment rose by 241,000 in November
- Service sector economy grew in December, but at lower rate than previous month
- Mortgage applications fall 9.1 percent in latest survey
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Tuesday, January 6, 2015
BuilderBytes' MetroIntelligence Economic Update for 1/06/15
Please click here to see the edition of BuilderBytes for 1/06/15 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Construction spending fell in November due to fewer non-residential projects
- Manufacturing sector reported slowdown in November, mixed message from falling oil prices
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Monday, January 5, 2015
Housing Trends for 2015: Practicality and nostalgia meet technology
With the U.S. economic rebound gaining strength and the
housing market slowly returning to normal, now is a great time to peer ahead at
what kind of design trends and amenities new home buyers are likely to prefer
in 2015. Whether related to technology,
easy maintenance, a more practical use of space or even better materials, with
consumer confidence rising and unemployment falling, this time look for a
return to nostalgia versus living large.
Given the importance of access to information in today’s
world, one key unstoppable trend covers technology. With lower prices for web-controlled cameras,
motion sensors for pets, more battery-operated devices, and software which
allow smart devices to communicate with each other, the concept of a relatively
inexpensive, scalable whole-home system is getting closer to reality.
As smart phones and tablets get smaller, the demand for
large built-in desks and separate home offices is declining in favor of
charging stations strewn throughout the home.
The most popular spaces are common areas such as corners of kitchens,
entrances from the garage and even stairway landings. For extra security, more builders are
beginning to offer various types of keyless entry systems, some of which track
who entered the home and when. Given the
rise of the sharing economy, vacation home owners will also benefit from the
ability to change entry codes remotely in between guests.
Other technologies targeting the environment and health
issues are also gaining ground, including heat recovery systems which
constantly filter out particulates, lighting systems which work in concert with
natural sunlight, and gardens featuring edible items. For pool owners, a new method to filter the
water simply borrows from the earth with the use of a second pool filled with
plants and gravel which cleanse without the use of chlorine or salt.
With water use increasingly on our minds given long-term climate change, more owners are also looking for tanks and cisterns to collect and store rain, gray water systems to re-use on outdoor areas, sprinkler systems which are sync with weather conditions, permeable pavement which resupply groundwater inventories, grass which requires little or no mowing, and more drought-tolerant plants.
With water use increasingly on our minds given long-term climate change, more owners are also looking for tanks and cisterns to collect and store rain, gray water systems to re-use on outdoor areas, sprinkler systems which are sync with weather conditions, permeable pavement which resupply groundwater inventories, grass which requires little or no mowing, and more drought-tolerant plants.
Also prepare to say goodbye to the McMansion, at least in
most communities. Since the Great Recession, many new homes have also been
returning to more practical plans, with a return to smaller kitchens and family
rooms which surround residents on a more human scale. We’ll start seeing less of what I like to
call the two-story, “impress the in-laws” foyers.
Instead, look for larger, temperature-controlled garages
with nooks for hobbies as well as specialized storage areas throughout the home
where everything has its place to minimize clutter. In addition, given advances in portable
fireplaces which don’t require traditional venting, look for more indoor and
outdoor fire pits and even painting-sized options which can be hung on walls.
In terms of design cues, don’t be surprised to see some
updated relics from the past which have been re-purposed for 2015, such as
free-standing bathtubs accompanied by open wall niches for storage. The durability of porcelain is now competing
with other materials as imitation wood for flooring options, which not only
saves money (and the environment) versus the real thing, but is more resistant
to moisture and actually stands up better to high-traffic areas over time. Similarly, the durability of naturally
occurring quartzite is starting to edge out man-made quartz due to its closer
appearance to marble as well as being nearly indestructible.
For fixtures, tiles or even pots dangling from a kitchen
ceiling, copper is making a big comeback, allowing designers to introduce a
warm yet industrial look to any type of floor plan. In the kitchen, look for variations of all
white to re-emerge, which not only stands the test of time (sadly, the same
could not be said of avocado green), but also allows the choice of more striking
hardware to stand out. In other rooms, a
growing optimism in the country is being revealed in more Miami-like coral
shades, which can add color to a room without being too flashy.
Finally, the trend towards up-selling outdoor living spaces
will continue to gain ground this year.
Whether it’s a rooftop deck with pool and spa atop a high-rise urban
condo building, a suburban townhome community with pet washing facilities
located next to a dog park, or an executive single-family home with backyard
amenities usually reserved for resorts, this is one area in which builders of
new homes can really excel with their most creative instincts. Happy 2015!
Subscribe to:
Posts (Atom)







