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.
Michael Neal / NAHB / July 31, 2013
Following 19 consecutive months of year-over-year declines, house prices registered their twelfth consecutive year-over-year increase in May. Over this twelve month period, the S&P/Case-Shiller House Price Index – 20 City Composite grew by 12.2% on a not seasonally adjusted basis while the 10 City Composite rose by 11.8%. House prices in Phoenix registered their 9th consecutive month of year-over-year returns above 20.0% in May, rising by 20.6%. House prices in San Francisco (24.5%), Atlanta (20.1%), and Las Vegas (23.3%) also experienced year-over-year house price growthRead More
Shalia Dewan / The New York Times / June 25, 2013
Mortgage rates may be inching up, but they have not put a damper on the American housing market’s rebound.
The Standard & Poor’s Case-Shiller home price index on Tuesday showed a 12 percent increase in prices in 20 cities from April 2012 to April 2013, the largest gain since early 2006, when home values began to level off in advance of the market collapse. The rate of new-home sales also picked up to its quickest pace since July 2008.
The gains added to months of stronger showings in housing, a market that can infuse the economy with spending on big-ticket items like furniture and dishwashers.Read More
John McManus / BUILDER / June 25, 2013
A housing data trifecta–prices, new home sales, and consumer confidence–beneath the June mega-moon
A housing data trifecta–CoreLogic S&P/Case-Shiller house price indexfor April, the Census Bureau’s New Home Sales report for May, and the Conference Board consumer confidence index–all takes place by 10 a.m. EDT, today. Case-Shiller, a trailing indicator, but one that has Animal Spirits market-making impact, eclipsed Wall Street expectations.
The question for home builders, architects, building products manufacturers, materials suppliers,Read More
Nick Timiraos / The Wall Street Journal / May 28, 2013
Home prices in March rose by 10.9% from a year earlier, the largest such gain in seven years, according to an index tracking home prices in 20 U.S. cities.
The Standard & Poor’s Case-Shiller index, released Tuesday, showed that all 20 cities had posted year-over-year growth for the third straight month, the latest sign of how tight inventories and growing housing demand have led to a surge in home prices after several years of declines.
There are already signs that home-price appreciation is set to continue its blistering pace this summer because the inventory of homes for sale hasRead More
NAHB / Eye on Housing / August 28, 2012
The Case-Shiller indexes of home prices increased again when compared to the previous month or the previous year. Both the 10-city and 20-city seasonally-adjusted (SA) indexes rose 1% and 0.9% respectively from May to June 2012. This is the fifth straight month for steady increases in the SA indexes. Since January, the 10-city and 20-city indexes have risen 3.5% and 3.6% respectively. All but two metro areas also showed positive SA May to June changes. Dallas and Charlotte declined 0.1%.View Article