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.
Joel Kotkin / New Geography / June 10, 2013
Our tepid economic recovery has been profoundly undemocratic in nature. Between the “too big to fail” banks and Ben Bernanke’s policy of dropping free money from helicopters on the investor class, there have been two recoveries, one for the rich, and another less rewarding one for the middle class.
Viewed in this light, the recent run-up in home prices, the biggest in seven years, offers some relief from this dreary picture. Home equity accounts for almost two-thirdsof a “typical” family’s wealth (those in the middle fifth of U.S. wealth distribution); there is no otherRead More
Lindsay Machak / MULTIFAMILY EXECUTIVE / June 3, 2013
Five industry insiders reveal their picks for the nation’s hottest second-tier metros.
While the Big Six markets (New York; Washington, D.C.; Boston; Los Angeles; San Francisco; and Seattle) indicate that the economy is recovering, the most telling sign of a revival are when the secondary markets heat up. However, while these markets may be seeing rent growth and strength, new development isn’t the focus. Acquisition-rehabilitation deals, rather, are the hot topic in second-tier metros this year. We surveyed five industry insiders to see which “under-the-radar”Read More
CNN Money / June 4, 2013
From supermarkets to microchips, the recovery in housing is boosting stocks across the board. CNN/Money has the video analysis. The Builder Pulse take-away: Since households account for two of every three GDP dollars, there’s no multiplier effect quite like it
John Caulfield / MULTIFAMILY EXECUTIVE / May 28, 2013
Record prices paid on trophy assets suggest we’re not too far from reaching the top of the upturn.
It sometimes seems like every day, another apartment building is sold for a record price. But is now the best time to sell?
A 250-unit building in Chicago’s Old Town neighborhood recently went for $158 million, or $632,000 per unit, a new record for the Windy City. In Washington, D.C., the 125-unit District Apartments recently sold for $76 million, the highest per-unit sale in the city’s history. In that same market, a 914-unit building sold in March for $322.4 million, one of the highest pricesRead More
William H. Frey / The Brookings Institution / May 28, 2013
Big cities could be making a growth comeback after a rocky decade. Their growth rates are rising and, for the second year in a row, they are growing faster than their surrounding suburbs.
The Census Bureau’s new release of population estimates for cities through July 2012 offer some surprises in light of recent trends. After plummeting to postwar lows during the Great Recession and its immediate aftermath, national migration rates have begun to increase again as the economy recovers. As a result, the traditional Snowbelt-to-Sunbelt shift has resumed as well. Many assumed that large cities,Read More