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, chief economist of housing-research firm Metrostudy in Palm Beach Gardens, Florida, says data collected by his company “flies in the face” of government statistics that showed weak housing starts in the second quarter. Hunter talks with Bloomberg’s Tom Keene and Michael McKee on Bloomberg Radio’s “Bloomberg Surveillance.”Read More
John McManus / Builder / July 21, 2014
A new Pew Research study turned heads last week, and you can understand why. The study looks at household composition, and specifically at the eye-popping increase over the past 34 years in households that host multi-generational family members. The number doubled since 1980, from 28 million to 57 million–or upwards of one in five U.S. households, which is probably one of the most dramatic household demographic shifts since the era of the two-income household.
The Pew analysis, plus day-after reports in the Wall Street Journal by Laura Meckler, here, and Bloomberg/ BusinessWeekRead More
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