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.
Charlotte O'Malley / BUILDER / September 30, 2013
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According to Metrostudy’s active new home survey data, the five fastest-growing metros have experienced over 10,000 new home starts. As Metrostudy points out in their blogpost “A Housing Dimension to Forbes’ Recent Projection,” it’s noteworthy that the top three markets experiencing new home growth are included in a recent Forbes article listing top markets for expected job growth annually. Here are the markets that overlap:Read More
Jean Dimeo / BUILDER / September 26, 2013
The recovery brought with it larger new houses. Why?
During the recession, many Americans—reeling from downsized paychecks and declining home values—scaled back their super-sized lifestyles. Sales of giant SUVs and four-door pickup trucks fell, new-home sizes shrunk, recent graduates moved back home with mom and dad, and newlyweds stayed in rental apartments. How quickly we forget the recent past.
Commerce Department data shows that the average size of a new home was 2,647 square feet during the second quarter of 2013, eclipsing the record of 2,561 square feet set in the first quarterRead More
Andrew Knight / BUILDER / September 24, 2013
Building information modeling (BIM) is slowly changing the way building projects are approached, however it has yet to catch fire in the home building industry. Here are a few of the holdups.
There isn’t a ton of BIM expertise out there—especially in the home building sector. It is a relatively new technology and can be complicated to grasp, so there tends to be a natural reluctance to take BIM on.
2. Software Cost
The upfront costs for hardware, software, training, and implementation can be pretty hefty. Six digits hefty. This perceived cost and risk of spending money beforeRead More
John McManus / BIG BUILDER / September 20, 2013
Even as another round of bids is expected within the next two weeks for the prized five-company home building operation–Weyerhaeuser Real Estate Company–word from industry insiders is that a company has emerged with an inside track on a deal.
Brookfield Residential, whose parent company Brookfield Asset Management Inc. sold it Longview Timber holdings to Weyerhaeuser Co. for $2.65 billion, including assumption of debt, may turn around and use proceeds to acquire Weyerhaeuser’s home building operations, using a seldom-used deal structure that would spare the sellerRead More
Robert Denk / NAHB / September 19, 2013
Are home builders more confident than they should be? There has been some discussion suggesting that the relationship between the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) and single family housing starts is broken, or at least strained lately. Let’s take a look.
The HMI and starts track together well, no question. But they don’t move in lockstep, that’s clear throughout their history. So how much and when should they differ?
The gap between the HMI and starts appears widest at turning points and throughout the most recent boom/bust/recovery cycle.Read More