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.
Scott Cendrowski / Fortune/CNN Money / September 16, 2013
FORTUNE — What a difference a year makes. Last summer, when Fortune recommended homebuilder stocks, the chorus of dissenters was loud — and to some, persuasive. Their argument went something like this: “Homebuilders are doomed! Foreclosures are flooding the market and besides, no one wants to a buy a new home. They’ll rent forever!”
What happened next? Homebuilder stocks went on a tear. From last July through its peak this May, the S&P homebuilders index rose by 51%, more than doubling the S&P 500’s return. PulteGroup shares, as one example,Read More
Justin Doom / Bloomberg / September 11, 2013
Solar panels are the next granite countertops: an amenity for new homes that’s becoming a standard option for buyers in U.S. markets.
At least six of 10 largest U.S. homebuilders led by KB Home include the photovoltaic devices in new construction, according to supplier SunPower Corp. (SPWR) Two California towns are mandating installations, and demand for the systems that generate electricity at home will jump 56 percent nationwide this year, according to the Solar Energy Industries Association.
“In the next six months, homebuilders in California and the expensive-energy states willRead More
Brad Hunter / Metrostudy / September 9, 2013Read More
David Crowe / September 9, 2013
The NAHB/First American Improving Markets Index (IMI) reached a new high of 291 in September. The addition of 49 markets was also the largest number new to the list since December 2012 when 84 markets were added. Five markets were dropped, four because of a fall back in prices and one because of a dip in permits.
The large increase in new markets on the list can be attributed to several changes. First, the house price index used for each metropolitan area is calculated by Freddie Mac. After some additional study, the Freddie Mac economist improved the accuracy of their index and the change in methodologyRead More
David Crowe / NAHB / September 6, 2013
The long and deep housing recession left many homeowners remaining in place and potential first time home buyers continuing to rent or stay with parents or friends.
In a recent article, NAHB’s Heather Taylor reported the number and distribution of first time and repeat movers in American Housing Survey odd numbered years 2001 through 2011. The AHS reports 10 million purchased in the two years prior to the 2001 survey but home buying declined to 6.8 million households who purchased a home in the two years prior to the 2011 survey. Between 2001 and 2011, the population of individuals who couldRead More