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.
Dionne Searcey / The New York Times / February 24, 2015
The spacious new homes that Toll Brothers, one of the nation’s top builders, is constructing on 463 acres 30 miles west of downtown Philadelphia may represent just one small slice of new-home construction, but they also tell a larger story of an economy that is increasingly driven by the needs and desires of the nation’s most affluent consumers.
“There are big barriers to homeownership for lower-income households,” said Jed Kolko, chief economist at Trulia, an online real estate company. “More homes have been selling in the million-dollar-plus range as the economy has recovered,Read More
Katie Weeks / ECOBUILDINGpulse
Ca-ching! Green homes comprised 23 percent of the residential construction market in 2013 and had a market share valued at $36 billion, according to a new “Green Home Builders and Remodelers Study” from McGraw Hill Construction that was released at the National Association of Home Builders’ (NAHB) International Builders’ Show this week. What’s more, this market is hot: Green home building is expected to grow to between 26 percent and 33 percent of the market by 2016, jumping the valuation estimate to $83-$105 billion.
According to a press release fromRead More
Kate Tyndall / ProSales / January 15, 2013
Bill McHugh, a custom builder in Austin, Texas, is an example of a trend that’s reaching a tipping point if for no other reason than simple demographics. His mother was turning 80, and she wanted to remain independent, a challenge for McHugh, who knew a lot about building but not so much about designing for the challenges faced by an aging body.
What he found was universal design (UD)—a philosophy that calls for the design of products and environments to be usable by all people, to the greatest extent possible, without the need for adaptation or specialized design.
America is about to get hitRead More
Les Christie / CNNMoney.com / December4, 2013
Beginning Jan. 10, banks have to ensure that monthly mortgage payments are affordable, a result of the Dodd Frank law passed in 2010. The failure to do so carries strict penalties.
“My concern is that we’re going to be in an environment where some lenders are too small to comply,” said David Stevens, CEO of the Mortgage Bankers Association.
During the housing bubble, some banks issued loans without even checking applicants’ income or assets.
Under the new rules, lenders must carefully determine that borrowers have the ability to repay their loans. That means, forRead More