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 / 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
John McManus / BIG BUILDER / September 6, 2013
The inside story of how TRI Pointe Homes went public and changed the game of housing in 2013 and beyond
In earlier segments of The Big List, we met the principle cast of characters in TRI Pointe Homes quest for a big strategic play on Wall Street earlier this year. In Part 1, we noted how global and domestic urgency around yield crescendoed toward the end of 2012 and the beginning of 2013, driving capital into home building as investors wagered that housing’s big turnaround had come.
In Part 2, we looked at a more granular level at the pedigree and essentials for a home building company toRead More
John McManus / BIG BUILDER / September 5, 2013
The Big List, Part 2 continues the inside story of TRI Pointe Homes’ flashpoint moment, January 31, 2013, a game change moment in the relationship of the largest public home builders and privately held companies, as well as the link between global capital and the home building sector.
Four months earlier, Bauer stood at the sidelines of one of his son’s Mater Dei High School football home games after work one Thursday evening around 6 p.m. When his cell phone signaledhous, he checked to see who it was before upsetting his work-life balance.
Caller ID: Barry Sternlicht