Enhances Geographic Coverage and Service Offerings in Pacific Northwest
Washington, D.C. – September 15, 2014 – Metrostudy, Inc., a Hanley Wood company and the leading provider of primary research and analysis to the U.S. housing industry, announced today that it has acquired New Home Trends, Inc., a real estate research and consulting business serving the Pacific Northwest United States.
“The acquisition of New Home Trends represents an important step in Metrostudy’s growth strategy by enhancing our geographic scope and coverage,” said Peter Goldstone, CEO of Hanley Wood. “The addition of Seattle, the 10th largest US MSA, completes our national footprint with local coverage in all of the top 20 MSAs.”
New Home Trends is based in Bothell, WA. In addition to the Seattle market, New Home Trends offers extensive research coverage and analysis in Portland, OR, Boise, ID and Spokane, WA.
“Seattle is one of the fastest growing housing markets in the United States, making it an important growth opportunity for our customers,” said Chris Veator, President of Metrostudy. “New Home Trends has deep knowledge and research capabilities in the Pacific Northwest that will greatly complement our existing Metrostudy platform and allow us to offer an even more robust and valuable product platform to our customers.”
New Home Trends will be combined with Metrostudy and operate under the Metrostudy brand name. Todd Britsch, President of New Home Trends, will continue his leadership role in the business as Regional Director for the Seattle and Oregon region.
“We are extremely excited about this transaction and the opportunities it will create for our employees and customers,” said Britsch. “Metrostudy has an exceptional management team that recognizes the value of our platform and our expertise in the markets we serve. Our customers will greatly benefit from enhanced and additional services and functionality offered by the combined business.”
Terms of the transaction were not disclosed.
About Hanley Wood
Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; marquee trade shows and executive events; and strategic marketing solutions. To learn more, visit hanleywood.com.
Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. Metrostudy provides research, data, analytics and consulting services to help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day. For more information, visit www.metrostudy.com
About New Home Trends
New Home Trends provides the research and consulting needed to stay ahead of the Pacific Northwest's dynamic Real Estate market. New Home Trends combines an extensive database of residential building information with experience, vision, and market knowledge and provides full-scale consulting services and on-demand reports for each community in the development process. For more information, visit www.newhometrends.com.