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.
Alex Viega, Associated Press / Boston.com / August 15, 2013
Homeowners are opening their wallets. A rebound in the housing market has made them more willing to invest in renovations that could boost the value of their homes even more in a rising market.
Spending on home remodeling has picked up over the past 18 months and is expected to rise nearly 20 percent to $151 billion by the fourth quarter, according to a recent report by the Joint Center for Housing Studies at Harvard University.
Many homeowners decide to make upgrades with the idea that the bigger kitchen or finished basement will make their home more enjoyable. But those looking to sell should knowRead More
The Joint Center for Housing Studies / Harvard University / July 30, 2013
General strengthening in the housing market over the past 18 months is translating into increased spending on home improvements, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling contractors have been reporting improving market conditions for the past four quarters, and are seeing strength in future market indicators. Spending trends have been on a solid upward slope, with the Leading Indicator of Remodeling Activity (LIRA) projecting continuedRead More
Joint Center for Housing Studies of Harvard University / June 26, 2013
Driven by rising home prices and growing demand, the U.S. housing recovery is well underway, concludes The State of the Nation’s Housing report released on June 26, 2013 by the Joint Center for Housing Studies of Harvard University. While still at historically low levels, housing construction has finally turned the corner, giving the economy a much-needed boost. But even as the recovery gains momentum, millions of homeowners are still delinquent on their mortgages or owe more than their homes are worth, and severe housing cost burdens have set a new record.Read More
John Caulfield / BUILDER / June 26, 2013
Joint Center for Housing Studies report shows housing is bouncing back, but the question remains: are builders building to a market that is more imagined than real?
The long-awaited housing recovery finally may have arrived last year, but homeownership continued to decline, despite record-low interest rates and escalating home values. And while new-home construction is bouncing back, the question remains whether builders are building to a market that is more imagined than real in its growth potential.
Those are some conclusions Builder drew from the Harvard University Joint CenterRead More