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.
David Crowe / NAHB / October 3, 2013
Recent data concerning consumer and builder confidence suggest that at the end of the summer a pause occurred with respect to economic improvement. Adding to this is the uncertainty associated with the shutdown of the federal government. Besides the direct impact from lost or delayed government services, the shutdown is also a warning concerning the impending political debate regarding the debt ceiling, an issue which could have significantly larger economic impacts, including higher interest rates.
Direct impacts from the ongoing shutdown include possible delays in FHA-insured single-familyRead More
Diana Olick / CNBC / October 1, 2013
The fight may be in Washington, but the effects of the government shutdown will ripple through every neighborhood in America—without a fully functioning government, an already tight mortgage market may become even more prohibitive. It is exactly what the housing recovery does not need.
“This is going to be very disruptive to the mortgage industry and pretty much result in a freeze of the pipeline,” said Craig Strent, CEO of Bethesda, Md.-based Apex Home Loans. “New loans can be taken, but without IRS and Social Security number verifications, [they] will not be able toRead More
Jeff Kida / REMODELING / September 10, 2013
Can you remember a time when the government actually made something better? (Save for those times when they had to step in to fix a problem they previously created?) I can’t. So why do I find myself making an argument for more regulation?
Here’s why. As a kitchen & bath design firm we derive our income by selling materials to both homeowners and contractors. We too struggle to deliver quality products and services on a playing field that is becoming increasingly more uneven and murky. I can only argue value in the quality of my products and services to clients that will listen.
NEW HOMES ONRead More
Paul Emrath / NAHB / August 7, 2013
As of 2012, FHA/VA insured loans still account for well over 20 percent of the market for new single-family homes, according to data from the Survey of Construction (SOC).
The SOC is conducted by the Census Bureau, partly funded by HUD, and the source of the familiar monthly series on housing starts. Among other things, the SOC collects information on the type of financing that has been or will be arranged for new homes. Builders have the option of checking a mortgage insured by the Federal Housing Administration (FHA), a mortgage insured by the Veteran’s Administration (VA), conventionalRead More
Madison Inselmann / Metrostudy / June 28, 2013
Ben Bernanke moved markets with his comments after the recent Federal Open Market Committee meeting when hinting that the Federal Reserve will/may/could/should back off of its $85 billion a month bond buying program. As a result, the stock gyrated wildly like an 7.0 Richter Scale earthquake printout driving a notable jump in interest rates. Similar to the violence of being startled awake from a deep sleep, after a four year monetary policy drumbeat…the market had a mild heart attack as it was shocked from it’s comfort zone.
Of course things have normalized, to a certain degree, as theyRead More