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.
40 Years of the American Home: An Evolution
Edlundart / CNN Money / 09/14/15
CNN/Money has released a cool, less-than-two-minute video that traces the evolution of the American home–starting in 1973, when the median new single-family home was 1,525 square feet. By the end of the decade, fireplaces and air conditioning units had become commonplace. The video traces the trends that have shaped the single-family world. For instance, the 1980s started with most homes being heated by electricity, and ended with most homes being heated by gas. The proliferation of vinyl siding in the early 90s displaced wood exteriors. The fireplace becomes much less commonRead More
U.S. New-Home Sales Up 5.7% in August
Eric Morath & Kris Hudson / The Wall Street Journal / 9/24/15
Single-family home sales rise to new postrecession high WASHINGTON—Sales of newly built homes reached the highest level since early 2008 in August, evidence that demand for housing is strengthening heading into the fall. Sales of new, single-family homes rose by 5.7% to a seasonally adjusted annual rate of 552,000, the Commerce Department said Thursday. The reading was well above economists’ forecast for a rate of 515,000 and comes after July’s reading was revised up to 522,000 from an initially estimated 507,000. The latest data “point to robust momentum in new home sales,”Read More
Rose Quint / NAHB / August 13, 2015
The NAHB’s Rose Quint reports on the results of the second quarter Housing Affordability Index, which fell slightly in the second quarter, meaning homes grew a little less affordable to median-income workers.
In the second quarter, 63.2% of all homes sold were affordable to households earning an income of $65,800, down from 66.5% in the first quarter. The median home price rose a healthy $20,000, from $210,000 in the first quarter to $230,000 in the second.
Youngstown-Warren-Boardman, Ohio-Pa. was rated the nation’s most affordable major housing market … Meanwhile, Kokomo,Read More
Jennifer Goodman & Spencer Markey / BUILDER / August 17, 2015
These builders are making the most of their social media outreach and have the followers, likers, and pins to prove it.
Savvy builders are tapping into social media outlets to connect with buyers and market their homes.
A review of the Builder 100, the largest builders in the country based on closings, shows that some are more active than others when it comes to sites like Facebook, Pinterest, and Twitter. Big builder Lennar tops all other builders, coming in with 268,383 Twitter followers and 742,757 Facebook likes.
The breakdown below shows which companies are having the most success withRead More
John McManus/ BUILDER / August 5, 2015
As Metrostudy releases its latest Home Building Outlook, we reckon with another less-than-stellar year and salute those who make a stellar year of it.
With the exception of Denver, a few Texas markets, and surreal super novas in Northern California and the Pacific Northwest, it’s been clear for awhile 2015 is not the “breakout” year that released a tsunami of pent-up demand into the market.
BUILDER sister company Metrostudy confirms that today with its latest Home Building Outlook, a series of projections that map the trajectory of recovery to continued modest bearingsRead More
Jennifer Goodman/ BUILDER/ August 3, 2015
These five builders, developers, and housing advocates have used their industry expertise to move into the political arena — much like “The Donald” hopes to do.
Donald Trump’s entry into the 2016 presidential race has captured the attention of Americans of all political stripes. It seems his speeches and appearances make national news every day, and political junkies and commentators are eagerly awaiting his performance at this Thursday’s Republican debate.
The New York City-based mega developer hopes to woo voters across the country with his blunt, no-holds-barredRead More
Caroline Massie / ARCHITECT / July 29, 2015
Today, the AIA released the semi-annual Consensus Construction Forecast, which projects that nonresidential construction spending will be up significantly this year and next. The institution’s chief economist Kermit Baker, Hon. AIA, estimates spending on nonresidential buildings to be about $360 billion this year (an 8.9 percent increase from 2014 figures) and approaching $380 billion next year (an 8.2 percent increase from projected 2015 totals). The figures are based on a composite of U.S. nonresidential construction forecasts from paneliests including Dodge Data &Read More