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.
Shobhana Chandra / Bloomberg / July 2, 2013
Joe Chamberlain says he can’t build homes fast enough to keep up with demand. The founder of Caprock Custom Construction Inc. in Rockwall, Texas, has yet to break ground on any of the three houses he sold in May and June.
That’s “an excellent position for a builder to be in,” said Chamberlain, who already has three homes under construction and is just starting work on another. “It ensures we’ll stay busy for a long time and make a profit.”
Almost 36 percent of all U.S. new homes sold in May weren’t yet under construction, close to a seven-year high and signaling sustained strengthRead More
Joel Kotkin / newgeography / June 18, 2013
It was widely reported that the Great Recession and subsequent economic malaise changed the geography of America. Suburbs, particularly in the Sun Belt, were becoming the “new slums” as people flocked back to dense core cities.
Yet an analysis of post-2007 population trends by demographer Wendell Cox in the 111 U.S. metro areas with more than 200,000 residents reveals something both very different from the conventional wisdom and at the same time very familiar. Virtually all of the 20 that have added the most residents from 2007 to 2012 are in the Old Confederacy, the Intermountain WestRead More
DIVYA / nerdwallet / June 10, 2013
Which cities are on the up-and-up? The answer might surprise you. NerdWallet sifted through the data from over 475 cities to find cities that were growing in three categories—population, employment and income—and ranked them according to growth rates. We used the following three factors to determine the overall growth score of each city:
- Population: Population growth in the working-age population (16+) between 2007 and 2011
- Employment: Growth in the percentage of employed residents 16+ between 2007 and 2011
- Income: Growth in median income for workers between 2007
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