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.
John McManus / BIG BUILDER / September 18, 2013
Census Bureau data on housing starts and new residential building permits hit the wires this morning, and you don’t get too far into any expert’s explanation of the fresh crop of data before the term “mixed signals” surfaces. Offsetting positives vs. negatives; stressors vs. catalysts; headwinds vs. tailwinds; fundamentals vs. technicals; buzz vs. the trenches are a fact of home building and development’s life.
* Here Calculated Risk’s Bill McBride charts up the latest release in his inimitable way:
His kicker line is this:
“This was below
Shaila Dewan / The New York Times / September 7, 2013
a few months ago, Michael N. Felix’s phone started ringing again after four years of silence. Mr. Felix is a land broker whose business dried up when the housing market crashed. But with home prices now rising faster than anyone expected, builders are again looking for what, in the land trade, is referred to as dirt.
Already, developers report that the cost of land in the most desirable areas is double what it was two years ago. At least three golf courses in the Minneapolis-St. Paul area are being carved into millions of dollars’ worth of residential lots. The race has even sent builders backRead More
Christopher Power / Bloomberg/Businessweek / August 05, 2013
Metrostudy, a real estate consulting firm based in Houston, analyzes the health of the residential market in metropolitan areas across the U.S. and issued prescient warnings about the coming housing bust as early as 2004. One of its main analytical tools is what makes Metrostudy interesting: drive-bys.
Employees drive through newly built—or still being built—home developments and start observing. Are there toys on a house’s lawn? Good sign: A family has moved in. Families mean stability. Is there a garden hose attached to the side of the house? Another good sign. The house is not onlyRead More
Brad Hunter / Metrostudy / June 5, 2013
Metrostudy chief economist Brad Hunter’s presentation during the Land Strategies Forum at the Pacific Coast Builders Conference, June 5, 2013Read More
The Hays Advantage / Bloomberg Radio / July 25, 2013
Brad Hunter, chief economist at Metrostudy, says new home sales are staying strong despite higher mortgage rates, driven by “move-up” buyers. But he says the strong housing market poses certain problems for those looking to buy their first home. Hunter talks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s “The Hays Advantage.”
*Scroll down to July 25 to find the interviewRead More