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.
Mamta Badkar / Business Insider / May 20, 2013
National home prices are down 29.1% since their Q1 2006 peak.
But over the next five years they are expected to rise 3.9%, according to the latest CoreLogic Case-Shiller report.
We drew on the latest data to identify the best housing markets for the next five years.
The top 15 cities are ranked by the projected annualized change in home prices between Q4 2012 and Q4 2017.
We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.
Note: The median family income andRead More
Ryan Avent / The Economist / May 7, 2013
The Economist’s Ryan Avent looks at two measures of metro performance, inbound migration and the change in local Gross Domestic Product output per person, to rank cities by performance. He’s come up with a 10 best-performing list, and 10 worst. Worth tinkering into housing projection models.
THIS week’s print edition includes a look at the changing trajectory of the American recovery. From 2007 to 2011 many of the extreme points in America’s metropolitan distribution, in employment terms, could be found in the Sunbelt: cities in Texas and Oklahoma were among theRead More
Samuel Weigley / 24/7 Wall St / April 29, 2013
After a long and painful downturn in the housing market, home prices are finally beginning to head north. According to Zillow, a real estate listing website, home values rose 5.1% across the United States between February 2012 and February 2013.
Many local housing markets are performing considerably better than the country as a whole. Home values rose more than 13% in 10 of the 30 largest housing markets for which Zillow has data, and rose more than 20% in five of them. The biggest growth of all took place in Phoenix, where home values rose 24%.
Hanley Wood Chief Economist Jonathan Smoke reveals his hot and not so hot markets for 2013. From Hanley Wood’s Foundations 2012 Conference.
This market data will help you determine where to concentrate your sales and marketing efforts in 2013 and how best to take advantage of the improving housing and construction market.
Jonathan Smoke / Hanley Wood / September 18, 2012
As we head into the last quarter of 2012, housing and new construction appear to be performing better and more consistently than the overall economy. Through the second quarter, home prices are registering year-over-year gains nationally and in most markets. Permits, starts, and new home sales are also showing gains over 2011 and have generally picked up more momentum as the year progressed. The housing patient is finally recovery and has its own pulse again.
The broader economic picture hasn’t been as good, as once again job growth has been inconsistent and beneath the level that would beRead More