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.
Frank Anton / BUILDER / April 25, 2013
In July 2006, when the housing market still seemed to be–with the emphasis on seemed to be–booming, there were 572,000 unsold new homes in inventory, a record number. At that point, most builders were still pretty confident and still building.
As it turns out, they should’ve been pretty worried.Those 572,000 units represented a 7.3 month supply of unsold units, a unhealthy number and up from 4.2 months a year earlier. By January 2009 all those unsold units had come to represent a 14.3 month hangover, a sorry record and the full-blown effect of over-building.
In response buildersRead More
BUILDER / May 2, 2013
As Congress debates a bill to overhaul the nation’s immigration policy, much of the public has yet to form an opinion about the legislation. For home building and residential development, the issue is freighted, particularly as growing home buyer demand pressures skilled labor capacity. The other signal issue: future home buyer demand as immigrants navigate from residency to citizenship. Markup for the Senate bill. entitled Border Security, Economic Opportunity and Immigration Modernization Act of 2013, starts May 9. Proposed guest worker limitations on an industry-to-industryRead More