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.
Brad Hunter / Metrostudy / July 24, 2014
New home sales data from the Census Bureau showed a drop of 8.1% on a seasonally-adjusted basis. The decline since the beginning of the year comes to 11%.
The northeastern U.S. markets slowed sharply.
In June, and so far in July, we are back to a situation where home shoppers are shopping but a relatively small proportion of them are actually buying. This is explained in some cases by a long lead time (people taking longer to make a decision), and in other cases by a complete reluctance to buy.
Here is a look at the last year in New Home Sales by region showing sales have decreased slightly over theRead More
Eric Allen / Metrostudy Report / July 18, 2014
In a volatile housing market, uncertainty tends to creep into the decisions made within the homebuilding industry. Questions such as, “Is now the right time to deliver lots into the market?” … Or, “With the current level of home inventory in our competitive trade area, how will this impact my pricing power?” Managing unknowns and uncertainty is an important aspect of most significant decisions. However, indecisiveness in the midst of dramatic market swings can have damaging consequence leading to the ignoring of apparent and broad market trends.
Understanding and monitoringRead More
Bad Hunter / Metrostudy / July 17, 2014
Housing starts for June SURPRISED on the downside! Jobs are better, and builders seem more confident, yet the June number was down 9.3% month-over-month (9.0% for single-family detached).
My forecast for 2014, just revised to account for the latest data, is for a 9% increase in total home starts (annual total for 2014 versus annual total for 2013), and for a 6% increase in single-family construction.Read More
John McManus / BUILDER / July 7, 2014
After this past Thursday’s upbeat June employment report from the Labor Department, it’s only right that we begin looking more carefully at the correlations between job formations and housing’s on-going recovery.
Have a look first at Wall Street Journal staffer Kathleen Madigan’s “5 Takeaways from the June Employment Report,” to get bearings around the good, the bad, and the still-ugly parts of America’s jobs picture.
Among the encouraging trends below the headlines includes the fact that wage growth suggests that household incomesRead More
Brad Hunter / Metrostudy / June 30, 2014
Housing always swings much more wildly up and down than does the general economy. A survey that came out a couple of weeks ago drove home for me the reason why. The recent survey, from Hart/MacArthur, said that 7 in 10 people believe we are still in the middle of the [housing/economy] crisis, or that the worst is yet to come. That seems unduly pessimistic, given that job growth is improving, and that can only help incomes and housing demand.Read More