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.
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
Metrostudy / July 1, 2014
July 1, 2014: Houston Texas – Metrostudy’s 1Q14 survey of the Texas Housing market shows even as housing continues to boom, new and lower income buyers are getting priced out of the market.
Texas right now is home to the strongest housing markets in the entire country. Texas was on a different cycle long before the boom and the bust came along. Driven by past swings in oil prices, the state was already on a rapid-growth trajectory before the rest of the country went on its early-2000s building binge. Said colloquially, when Phoenix and Las Vegas caught pneumonia, Houston sneezed and kept on going,Read More
Brad Hunter / Metrostudy / June 17, 2014
New housing starts data from Census just came out, showing both single-family and multifamily DOWN. Single-family starts fell 5.9% (plus or minus 12.7%) in May compared with April, according to Census. They revised downward their crazy (high) estimate for multifamily (thank goodness we didn’t build that many apartments). The number is still up 9.4% over last May.
To steal a title from Douglas Adams (Hitchhiker’s Guide to the Galaxy): Don’t Panic. Don’t panic about the drop in single-family; looking past the monthly noise, the trend is still upward.Read More