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.
The higher-end of the new-home market divides roughly into two groups. One is the Active Adult segment, and the other group consists of younger professionals, old money, new wealth, those who sold drilling rights for natural gas frackers, and a smattering of lottery winners. For the latter group, timing exists in a continuum of their own minds’ invention–meaning, urgency doesn’t play into their motivation.Read More
Brad Hunter / Metrostudy / June 25, 2014
When it comes to new home sales, the first half of 2014 was the victim of the cold weather, but more so the victim of the large price hikes that occurred in the first half of 2013. We are long past the weather factor, and we are seeing consumers start to get past the sticker shock. Our research shows that traffic is more prone to turn into sales now.
There is something else that is auspicious about this mid-year mile-marker. We have just passed the point where (numerically speaking) we have regained all of the jobs that were lost during the downturn. Granted, they aren’t the same jobs, butRead More
Builder / June, 2014
Thinking of retiring to Florida? According to Metrostudy’s Tony Polito, fewer baby boomers are Florida-bound, which will impact coastal markets in the coming years. In his market overview, Polito explains that although Sarasota has stayed strong with significant migration from the New York Metro Area, Tampa remains one of the toughest markets with numbers down and prices up.
Brad Hunter / Metrostudy / June 17, 2014
New housing starts data from Census just came out, showing both single-family and multifamily DOWN. Single-family starts fell 5.9% (plus or minus 12.7%) in May compared with April, according to Census. They revised downward their crazy (high) estimate for multifamily (thank goodness we didn’t build that many apartments). The number is still up 9.4% over last May.
To steal a title from Douglas Adams (Hitchhiker’s Guide to the Galaxy): Don’t Panic. Don’t panic about the drop in single-family; looking past the monthly noise, the trend is still upward.Read More
Floyd Norris / New York Times / May 30, 2014
ONE way to tell the housing market is beginning to show signs of health would be that builders of new homes are selling more houses than banks do.
We are not there yet, but the gap is narrowing, even as overall home sales slow.
According to calculations by Hanley Wood, a real estate research firm whose Metrostudy division studies deed transfers in about 95 percent of the United States, the areas it covered reported sales of about 74,000 new single-family homes in the first quarter of this year. During the same period, banks sold about twice that number of homes.Read More