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.
USGBC / May 31, 2013
Global projects represent a variety of building types, including schools, universities, healthcare facilities, office spaces and residential buildings
Washington, D.C. (May 30, 2013) – The U.S. Green Building Council (USGBC) announced today that nearly 100 building projects across the globe are already using LEED v4, the next version of the LEED green building program, by participating in the LEED v4 beta. The beta project teams are helping USGBC validate and improve LEED v4 implementation and testing support resources such as reference guide content and LEED Online forms. USGBC’sRead More
Robert Dietz / February 25, 2013
Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicate that while the growth in custom home building starts has been relatively flat by count, the market share for owner- and contractor-built homes has shrunk due to a rebound in other types of home building.
The onset of the housing crisis and the Great Recession interrupted a 15-year long increasing trend toward a growing share for spec home building. As housing production slowed in 2006 and 2007, the share of non-spec building, particularly custom home building, increased. This not-for saleRead More
Frank Anton, Vice Chairman / BUILDER / February 21, 2013
Moody’s chief economist, Mark Zandi, says “it’s just arithmetic” that makes him an optimist.
At 1.1 million units, Mark Zandi’s 2013 housing starts forecast is more optimistic than most (the consensus forecast is about 950,000 units). But he says 5 sets of fairly simple numbers justify his bright outlook.
Set #1: At about 3.5%, the 30-year fixed rate mortgage is at its lowest point in 2 generations.
Set #2: The dollar volume of mortgage lending, while still depressed compared to historical averages, is increasing steadily.
Set #3: Housing values, after spiking
Jonathan Smoke / BUILDER / February 20, 2013
Metrostudy boots-on-the-ground evidence shows widely distributed recovery
The Commerce Department released the initial reading on housing starts in January and the 890,000 number represented a decline of 8.5% over December’s revised number of 973,000. As we typically see, the December number was revised up (from 954,000). The January change was within the margin of error, so statistically the initial January ready was meaningless as it often is. The decline in the SAAR rate was entirely caused by a statistically significant decline in multifamily starts. Meanwhile, single familyRead More
achaluvadi / NAHB / February 8, 2013
The monthly NAHB/Wells Fargo Housing Market Index often includes a set of “special” questions on a topic of current interest to the housing industry. In January 2013, the special questions asked builders about the problems they faced in 2012 and expect to face in 2013. The survey was divided into 5 different sections with significant problems faced by the builders. One section covered problems related to building costs. A year earlier, similar questions asked about problems faced in 2011, so it’s possible to trace the evolution of problems builders faced in 2011, 2012 and expect toRead More