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 / Builder / August 18, 2014
Housing’s recovery pattern, well-established over the past 18 months, since the downturn’s most dire days shook the cosmos in the latter half of the last decade, has virtually irrefutable definition. With the exception of a handful of markets fuel-injected by energy- and tech-driven jobs growth, the “rebound,” such that it is, has confined itself to places thick with people who are moving, purchasing, and buying new because they can rather than because they need to.
As a result, other than in those exceptional jobs-growth markets–Texas, Florida, Georgia,Read More
Rose Quint / Eye on Housing / August 8, 2014
Unlike recent news that builders continue to face serious difficulties finding lots and labor to build new homes, a survey conducted by NAHB in July shows that shortages of key building materials have actually eased in 2014. In fact, only 15% of builders reported some or serious shortages of trusses or clay bricks, the highest incidence among the more than 20 materials builders were asked about. Fourteen percent reported shortages of each windows/doors, gypsum wall board, and cabinets.
The graph below shows the complete list of the 23 building materials and products in the survey,Read More
Brad Hunter / Metrostudy / August 4, 2014
We have been talking for years about the lot shortages that builders are facing. Now, it’s time to talk about how many lots are being developed. Builders and developers are now playing “catch-up,” with builders buying land and lots and developers/investors paving roads and putting in infrastructure to serve the builders’ needs at a frenetic pace.
The pace of lot delivery (completion, ready for the builder) has gone up 140% in the past two years, much faster than the pace of housing production has risen (+84%). Despite this increased pace, lot development STILL lags the paceRead More